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 -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 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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