News

EBRD launches Vital Infrastructure Support Program

The EBRD’s initiative, part of its overall Solidarity Package response to Covid-19, will focus on both ensuring service provision immediately and protecting progress in its regions toward the provision of green, sustainable infrastructure.

EBRD targets coronavirus financing of €21 billion through 2021

EBRD shareholders agreed to a comprehensive series of response and recovery measures that strengthen the Bank’s Solidarity Package , which was first unveiled on 13 March and now stands ready to provide support worth €21 billion over the 2020-21 period.

World Bank funds transferred to the Government of the Islamic Republic of Afghanistan to fight COVID-19 pandemic

The World Bank is announced $20 million has been transferred to the Government of the Islamic Republic of Afghanistan for the emergency response to COVID-19 pandemic, including contracting service providers in all 34 provinces to deploy COVID-19 related services.

$60 million ADB loan to improve solid waste management in Uzbekistan

The Asian Development Bank (ADB) has approved a $60 million loan that will help improve and expand solid waste management services in small urban and rural areas across Uzbekistan, as well as promote environmental sustainability.

PRC earmarks $10 million from its ADB Trust Fund to address COVID-19 challenges in developing Asia

The Government of the People’s Republic China (PRC) has earmarked a total amount of $10 million in its Poverty Reduction and Regional Cooperation Fund to support the Asian Development Bank (ADB) in assisting its developing member countries to address their novel coronavirus disease (COVID-19) challenges.

EBRD channels new funds to Uzbekistan to support trade

Domestic businesses, including small and medium-sized enterprises in Uzbekistan will be able to continue their business activities despite the outbreak of the coronavirus pandemic, thanks to a new trade finance facility provided by the EBRD to three local banks.

ADB triples COVID-19 response package to $20 billion

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

ADB President discusses COVID-19 support package with Georgian Prime Minister

ADB’s support is expected to focus on countercyclical budget financing, a fast tracked policy based loan for social protection measures, and programs to strengthen the energy, urban water, and vocational skills sectors—all of which are essential to ensuring a strong recovery.

ADB repurposes $50 million from Pakistan’s National Disaster Risk Management Fund to help combat COVID-19 pandemic

The funds, which form part of ADB’s series of support for Pakistan’s fight against COVID-19, will help to procure medical equipment and supplies to strengthen hospitals, diagnostic laboratories, isolation units, and other medical facilities in the country.

Europe and Central Asia: Health systems, safety nets, and support to businesses all critical to protecting lives and livelihoods

Decisive policy measures that prioritize investments in health care systems and provide safety nets for people, especially the most vulnerable, are critical to mitigating the impacts of the COVID-19 (coronavirus) pandemic in Europe and Central Asia.