ADB triples COVID-19 response package to 20 bln USD
MANILA, April 13 (Xinhua) -- The Asian Development Bank (ADB) said on Monday it tripled the size of its response to the COVID-19 pandemic to 20 billion U.S. dollars and approved measures to streamline its operations for quicker and more flexible delivery of assistance.
The Manila-based bank said the package expands ADB's 6.5 billion U.S. dollars initial response announced on March 18, adding 13.5 billion U.S. dollars in resources to help ADB's developing members counter the severe macroeconomic and health impacts caused by COVID-19.
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