The proceeds of this proposed loan will be used to fund the short-term working capital needs of Jointown to support the company’s operations during the ongoing coronavirus disease 2019 (COVID-19) epidemic. Jointown is one of the pharmaceutical distributors designated by the PRC government to procure and distribute medical supplies to ensure continued accessibility and affordability of pharmaceuticals during the epidemic
This report describes the terms and conditions of a project for consideration for approval by ADB under the Faster Approach to Small Nonsovereign Transactions (FAST) framework.
This document dated February 2020 is provided for the ADB project 54077-001 in the People's Republic of China.