ADB’s $16 Million Grant to Aid Marshall Islands’ COVID-19 Recovery

Video | 1 December 2020

The Asian Development Bank (ADB) is extending a $16 million grant to the Marshall Islands to aid its government’s recovery measures from the impact of COVID-19.

The grant will fund the Marshall Islands Health Expenditure and Livelihoods Support Program which aims to strengthen the country’s health sector and mitigate the economic losses suffered by businesses.

The grant is funded through the COVID-19 pandemic response option (CPRO) under ADB’s Countercyclical Support Facility. CPRO was established as part of ADB’s $20 billion expanded assistance for developing members to respond to COVID-19, announced on 13 April. Visit ADB’s website to learn more about its ongoing response.

Transcript

This is the Marshall Islands.

Like the rest of the Pacific, a country hit hard by COVID-19.

So ADB has approved a $16 million grant to help.

The grant will boost the country’s health services especially for quarantine practices, training to stop infections, and medical supplies.

ADB’s support will also help the economy recover with help for businesses impacted by the dip in tourism, plus support for the vulnerable, such as food baskets and equipment for the fishing and farming communities.

ADB is committed to the Marshall Islands and helping its people to recover from the impact of COVID-19.