ADB Supports Nepal in its Fight Against COVID-19

Video | 26 May 2020

ADB is providing a $250 million concessional loan to the Government of Nepal to help mitigate and manage the effects of the COVID-19 pandemic. The loan, under ADB’s COVID-19 Active Response and Expenditure Support Program will increase testing capacity, set-up quarantine facilities, and support social protection programs such as subsidized lending to affected small and medium businesses. This is in addition to the initial $300,000 grant for critical medical supplies for frontline health workers.  

Transcript

ADB Supports Nepal in its Fight Against COVID-19

The COVID-19 pandemic is straining Nepal’s health systems

disrupting the economy

and pushing the poor and vulnerable into further hardship.

In partnership with UNICEF, ADB provided an initial $300,000 grant

for critical medical supplies for health workers on the frontline.

ADB is also ramping up its support to the Government of Nepal’s comprehensive National Relief Program.

Over the longer term, ADB is providing a $250 million concessional loan under its COVID-19 Active Response and Expenditure (CARES) Program.

The Nepal CARES Program will:

help increase testing capacity to more than 3,000 tests per day

set up quarantine facilities in 7 provinces

support social protection programs, such as food assistance

and offer subsidized lending to affected small and medium businesses.

ADB is working closely with the Government of Nepal and development partners to provide policy advice and develop measures to deal with the impact of the pandemic.

“ADB is fully committed to supporting Nepal’s COVID-19 response programs and ensure that they provide effective support to the people of Nepal.” – Mukhtor Khamudkhanov, ADB Country Director, Nepal