fbpx ADB’s Comprehensive Response to the COVID-19 Pandemic: Policy Paper | Asian Development Bank

ADB’s Comprehensive Response to the COVID-19 Pandemic: Policy Paper

Institutional Document | April 2020

This paper proposes to enhance ADB's coronavirus disease (COVID-19) pandemic response by increasing the total size of ADB's response package to about $20 billion and introducing special policy variations to streamline implementation.

On 18 March 2020, ADB announced a $6.5 billion initial package to address the immediate needs of its DMCs as they respond to the COVID-19 pandemic. ADB is now proposing to expand its response by making available additional regular ordinary capital resources resources up to $13 billion to finance countercyclical expenditures and to allocate additional grant and technical assistance resources. This will increase the total size of ADB’s response package to about $20 billion.

Contents 

  • Introduction
  • Background: Economic and Social Impact of the Pandemic
  • Proposed Response
  • Recommendation
  • Appendixes