fbpx 54077-001: COVID-19 Emergency Response Project | Asian Development Bank

China, People's Republic of: COVID-19 Emergency Response Project

Nonsovereign (Private) Project | 54077-001 Status: Approved

Project Details

Project Officer
Kobayashi, Junnosuke Request for information
Country
  • China, People's Republic of
Sector
  • Health
 
Project Name COVID-19 Emergency Response Project
Project Number 54077-001
Borrower/Company Jointown Pharmaceutical Group Co., Ltd.
Country China, People's Republic of
Location Nation-wide
Type or Modality of Assistance
3892 Loan Ordinary capital resources CNY 130.00 million Approved
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Health / Health system development

Gender Equity and Mainstreaming Some gender elements
Responsible ADB Department
Responsible ADB Division
Responsible ADB Officer Kobayashi, Junnosuke
Project Sponsor(s)
Description
Objectives and Scope The project is a loan of up to CNY130.0 million (or its equivalent in US dollars) to Jointown Pharmaceutical Group Co., Ltd. The proceeds of the loan will be used to fund the working capital needs of Jointown during the ongoing coronavirus disease 2019 (COVID-19) epidemic. The project will enhance emergency storage and distribution facilities for medical supplies, increase the provision of emergency medical supplies including drugs and devices, and sustain the resilience of critical health emergency response workers.
Status of Development Objectives The project is aligned with the following impact: capabilities regarding emergency medical assistance, and disease prevention and control strengthened.
Linkage to Country/Regional Strategy The project is aligned with one of the priority areas of ADB's country partnership strategy in the People's Republic of China for private sector development. The project supports ADB's Operational Plan for Health which includes supporting regional health security with a focus on regional health governance. The project is also in line with pillar 3 of ADB's Operational Plan, to increase and diversify regional public goods to foster regional cooperation and integration, and this pillar aims to reduce cross-border health risks through regional public goods initiatives.
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects The project is category C for environmental aspects with minimal or no adverse environmental impacts. Proceeds from the loan will not be used to fund any facility expansion and will be directed to existing operations. The company has an existing environment, health and safety management system in place. The environmental measures, and the institutional capacity and commitment of Jointown to manage the project's environmental impacts are deemed adequate.
Involuntary Resettlement The project is category C for involuntary resettlement as no involuntary resettlement impacts are associated with this transaction. Proceeds from the loan will not be used to fund any facility expansion and will be directed to existing operations. The company has an existing environment, health and safety management system in place. The social measures, and the institutional capacity and commitment of Jointown to manage the project's social impacts are deemed adequate.
Indigenous Peoples The project is category C for indigenous peoples as no indigenous peoples impacts are associated with this transaction.
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 07 Feb 2020
Credit Committee Meeting 19 Feb 2020
Approval 20 Feb 2020
Last PDS Update 21 Feb 2020

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Title Document Type Document Date
COVID-19 Emergency Response Project: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Feb 2020
COVID-19 Emergency Response Project: FAST Report Faster Approach to Small Nonsovereign Transactions Feb 2020

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

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The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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