Interviews
ADB working to respond to Dhaka's $600-mn help request
22 Apr '20
1 min read
Pic: Shutterstock
Asian Development Bank (ADB) president Masatsugu Asakawa and Bangladesh finance minister and ADB governor AHM Mustafa Kamal recently discussed the bank’s support to Bangladesh in its fight against COVID-19. ADB is working hard to respond to Dhaka’s $600-million emergency assistance request to help it effectively implement its response measures, Asakawa said.
Asakawa appreciated the Bangladesh government’s decisive efforts to control the spread of the disease and manage its impact on health, welfare, and the economy. These efforts include the recent incentives and stimulus package of $11.3 billion for widening social safety net coverage, salary support to workers at export-oriented industries, low-interest loans to affected industries and farmers, and increasing monetary supply, according to an ADB press release.
The widespread economic slowdown caused by the pandemic is disrupting Bangladesh’s export and manufacturing supply chains, as well as other economic activities.
On April 13, ADB tripled the size of its initial response to COVID-19 to $20 billion and approved measures to streamline its operations for quicker and more flexible delivery of assistance to help its developing member countries counter the severe macroeconomic and health impacts caused by the pandemic.
Asakawa appreciated the Bangladesh government’s decisive efforts to control the spread of the disease and manage its impact on health, welfare, and the economy. These efforts include the recent incentives and stimulus package of $11.3 billion for widening social safety net coverage, salary support to workers at export-oriented industries, low-interest loans to affected industries and farmers, and increasing monetary supply, according to an ADB press release.
The widespread economic slowdown caused by the pandemic is disrupting Bangladesh’s export and manufacturing supply chains, as well as other economic activities.
On April 13, ADB tripled the size of its initial response to COVID-19 to $20 billion and approved measures to streamline its operations for quicker and more flexible delivery of assistance to help its developing member countries counter the severe macroeconomic and health impacts caused by the pandemic.
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