News

UNDP: $30 million Rapid Response Facility launched for vulnerable countries

A month since the facility’s launch, 83 countries have benefited, amounting to $23.3 million in committed resources. Funding for support via the facility comes from repurposed core resources, as well as funding provided by donors to UNDP’s crisis-response Funding Window.

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.