|Project Name||COVID-19 Emergency Response Project|
|Borrower/Company||Jointown Pharmaceutical Group Co., Ltd.
|Country||China, People's Republic of
|Type or Modality of Assistance||
|Strategic Agendas||Inclusive economic growth
|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|
|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.|
|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.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
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|Title||Document Type||Document Date|
|COVID-19 Emergency Response Project: FAST Report||Faster Approach to Small Nonsovereign Transactions||Feb 2020|
|COVID-19 Emergency Response Project: Initial Poverty and Social Analysis||Initial Poverty and Social Analysis||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.
None currently available.
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