Code 217820
PublishDate: Monday, January 11, 2021 10:55

Asian Development Bank Approves $100m Grant for COVID19 Response in Afghanistan

The Asian Development Bank (ADB) has approved a $100 million grant to help the government of Afghanistan respond to the coronavirus disease.

Afghan voice agency (AVA)_“ADB reaffirms its full commitment to supporting Afghanistan in its fight against #COVID-19 and reducing the adverse impact of the pandemic on the lives of Afghans and the economy,” said ADB President MasatsuguAsakawa.

“The assistance will help strengthen the health system, expand #social_protection for the poor and vulnerable population while ensuring gender mainstreaming, and support macroeconomic stabilization and job creation in Afghanistan,” he was quoted as saying in a press release.

Afghanistan’s economic has deteriorated during the COVID-19 pandemic because of business lockdowns, a sharp drop in household incomes, and a downturn in regional trade and remittances.

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