Islamabad: The Asian Development Bank (ADB) on Tuesday approved a $300mn emergency assistance loan to boost the Pakistan’s response to the coronavirus pandemic.
“The COVID-19 pandemic is having a significant detrimental impact on the health and economic prospects of the people of Pakistan,” ADB quoted its Vice-President Shixin Chen as saying.
“Financing through this project will fast-track ADB’s assistance to strengthen Pakistan’s public health capabilities, provide immediate support to vulnerable women and their families, and facilitate knowledge sharing with Pakistan’s neighbors and other countries in the Central Asia Regional Economic Cooperation region,” it said further.
The ADB said that the loan will be used to purchase medical supplies and personal protective equipment for hospital staff and their training, purchase of emergency vehicles, and strengthening COVID-19 awareness among marginal communities with limited television or internet connectivity.
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