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ADB triples financial aid for members to $20 billion to fight virus

The Asian Development Bank said it has also approved measures to streamline its operations for quicker and more flexible delivery of assistance

Illustration by Binay Saha
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Illustration by Binay Saha

Press Trust of India New Delhi
The Asian Development Bank (ADB) on Monday said it has tripled the size of its Covid-19 response package for its member nations to $ 20 billion.

The multilateral funding agency said it has also approved measures to streamline its operations for quicker and more flexible delivery of assistance.

The package expands ADB's $6.5 billion initial response announced on March 18, adding $ 13.5 billion in resources to help its developing member countries counter the severe macroeconomic and health impacts caused by Covid-19, it said in a release.

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