News

UN sets out COVID-19 social and economic recovery plan

The United Nations Development Programme (UNDP) will provide the technical lead in the UN’s socioeconomic recovery efforts, supporting the overall coordination role of the Resident Coordinators, with UN teams working as one across all aspects of the response.

IsDB President meets virtually with governors of member countries to discuss financial assistance to combat COVID-19

The virtual meetings between the IsDB President and IsDB Governors continued for the third week with the aim of discussing each member country’s immediate needs and assessing the challenges posed by COVID-19 especially in health and economic sector.

ADB President, Pakistan Minister of Economic Affairs discuss scaling up support to combat COVID-19

Asian Development Bank (ADB) President Masatsugu Asakawa and Pakistan’s Federal Minister for Economic Affairs and ADB Governor Makhdoom Khusro Bukhtiar discussed how ADB can scale up its support for the government’s response to the novel coronavirus disease (COVID-19) pandemic.

Uzbekistan to receive World Bank emergency financing to combat COVID-19

The World Bank approved a $95 million financing package to support Uzbekistan’s immediate response to the impacts of COVID-19 on the health and well-being of its citizens.

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.

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.

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.