News

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.

In Georgia, growth projected to slow due to impacts of COVID-19

In Georgia, real GDP growth is projected to slow sharply, to close to zero percent in 2020, as the impacts of COVID-19 add to an already challenging external environment.

Supporting the Georgian food industry during the coronavirus pandemic

EBRD and EU help local poultry farm Chirina boost its capacity.

EBRD and Georgia step up cooperation during crisis

The EBRD has made available an emergency Solidarity Package of €1 billion for its existing clients across 38 economies, including clients in Georgia.

EBRD pledges urgent financing for Azerbaijani companies

The EBRD has made available an emergency “solidarity package” of €1 billion for its existing clients across 38 economies, including clients in Azerbaijan.

Presidents of ADB, Kyrgyz Republic discuss bank’s support for country’s fight against COVID-19

Asian Development Bank (ADB) President Masatsugu Asakawa and Kyrgyz Republic’s President Sooronbai Zheenbekov discussed how ADB can scale up its support for the government’s response to the novel coronavirus (COVID-19) pandemic.

$486 million in World Bank financing for Europe and Central Asia countries to address health, economic impacts of COVID-19

Twenty-five countries worldwide will receive a total of nearly $2 billion from this first batch of funding under the World Bank’s fast-track COVID-19 facility, including two countries in Europe and Central Asia.