Chair’s Summary - Enhancing Contingent Disaster Financing and the Countercyclical Support Facility

Institutional Document | May 2022

This document summarizes the discussion of the meeting of the ADB Board of Directors held on 3 May 2022 discussing the Enhancing Contingent Disaster Financing and the Countercyclical Support Facility.

The Board of Directors approved the recommendation of the policy paper on the Enhancing Contingent Disaster Financing and the Countercyclical Support Facility. ADB’s policy updates its crisis finance instruments to improve the preparedness of the developing member countries (DMCs) and their response to future crises and emergencies, based on the experience and lessons learned from the response to the coronavirus disease (COVID-19) pandemic.

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  • ADB administration and governance

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