ADB’s $100 Million Grant to Help Afghanistan Heal from COVID-19
Video | 4 December 2020
- ADB is providing Afghanistan a $100 million grant that will support government measures in response to the COVID-19 pandemic. The grant will provide budget support for health, social protection, and stabilization measures.
- ADB’s $100 million grant for Afghanistan will fund targeted social safety nets, including daily bread assistance, water and electricity bill coverage, and one-time cash transfers for the poor and vulnerable.
- Aside from helping boost healthcare capacity amid the COVID-19 pandemic, ADB’s $100 million grant for Afghanistan will fund targeted social safety nets and stabilization measures covering state-owned enterprises, job creation in the agriculture sector, and MSMEs.
The Asian Development Bank has approved a $100 million grant to help the Government of Afghanistan respond to the COVID-19 pandemic. It will support government measures to scale up the capacity of its medical facilities and extend its targeted social safety nets. It will also support the implementation of stabilization measures covering state-owned enterprises, job creation in the agriculture sector, and MSMEs.
Rising COVID-19 cases have put pressures on Afghanistan’s inadequate health care system.
The economy has deteriorated due to business lockdowns, drop in incomes, and a downturn in trade and remittances.
The pandemic has created large-scale unemployment.
Poverty, malnutrition and inequalities have been aggravated nationwide.
The government rolled out a pandemic response, comprising health, social protection, and macroeconomic stabilization measures.
ADB is providing a new budget support grant of $100 million to help Afghanistan implement these measures.
The grant will scale up the capacity of medical facilities, availability of medical supplies and public awareness on COVID-19.
The social assistance will target the poor and vulnerable with a strong gender focus, providing nationwide daily bread assistance, water and electricity bill coverage for households in Kabul, one-time cash transfers to internally-displaced persons and refugees, remuneration for the disabled and families of those killed in conflict, and coverage of old-age pensioners and their female heirs.
By targeting state-owned enterprises, micro, small, and medium-sized enterprises, and job creation in the agriculture sector, ADB’s grant will help heal Afghanistan’s economy.