Extension of the Validity Period of ADB’s Comprehensive Response to the COVID-19 Pandemic
This paper seeks the approval of ADB's Board of Directors for an interim extension of the validity period of the special variations approved under ADB’s policy paper on its comprehensive response to the COVID-19 pandemic.
On 13 April 2020, the Board approved the policy paper, which introduced special policy variations that enabled ADB to support its developing members in responding to the COVID-19 pandemic. ADB has submitted to the Board of Directors a review of the policy paper that includes an updated assessment of the special policy variations and provides recommended actions following the expiration of their 15-month validity period, which is 13 July 2021. The Board of Directors is scheduled to consider the review on 15 July 2021.