Participants in the Forum shared key findings of its studies in Bangladesh, India, and the Philippines to understand the function and impact of these loans on public expenditures and debt. Discussions accounted for climate change impacts, particularly in climate-vulnerable states.
ADB has pledged US$29.0 billion in COVID-19 assistance, the vast majority of which is public sector support. While the NGO Forum on ADB and its members are pleased to see a proactive approach from ADB in supporting member countries' roadmaps to recovery, concerns have been raised over accountability, transparency, and efficacy of the COVID-19 Active Response and Expenditure Support Program.
The event was held as part of the 54th Annual Meeting of the ADB Board of Governors.