Asian Development Bank approves $100 million loan to Bangladesh

In its efforts to address the augmenting threats pertaining to COVID-19, the Asian Development Bank (ADB) has approved a $100 million loan to Bangladesh.

The loan has been approved to address the immediate public health requirements of the country.

ADB Vice-President Shixin Chen said, “ADB stands with Bangladesh in this difficult time when the COVID-19 pandemic challenges the country’s recent successes in its socioeconomic development.”

He added that the project will aid in strengthening Bangladesh’s response to the COVID-19 outbreak by providing urgently needed health equipment, medical supplies, diagnostic systems, and upgrading of the capacity of the health workforce.

An ADB press release said the COVID-19 Response Emergency Assistance will equip 17 medical college hospitals with isolation and critical care units. Capacity and quality of at least 19 laboratories will be upgraded with COVID-19 microbiological diagnostic facilities.

The fund will also be utilised to train health sector workers in modern skills and knowledge.

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