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COVID-19 (Coronavirus): ADB's Response

ADB is supporting its developing members in responding to the COVID-19 outbreak through finance, knowledge, and partnerships.

In the Spotlight

VIDEO

ADB's Response to COVID-19: on the Side of Our Developing Members in Their Time of Need

ADB tripled the size of its response to the COVID-19 pandemic to $20 billion and approved measures to streamline its operations for quicker and more flexible delivery of assistance, says ADB President Masatsugu Asakawa.

Read Frequently Asked Questions on ADB's $20 Billion COIVD-19 Pandemic Response

NEWS RELEASE

COVID-19 Economic Impact Could Reach $8.8 Trillion Globally

New report says Asia and the Pacific may account for 30% of the overall decline in global output.

NEWS RELEASE

ADB Study Maps Supply Chains for Key Products in COVID-19 Response

The Asian Development Bank (ADB) has released a landmark study which maps supply chains for critical products in the global response to the novel coronavirus disease (COVID-19) pandemic, clearing the way for the identification and removal of blockages in their production and distribution.

DATA

ADB COVID-19 Policy Database

Find out about the policy measures and the funding sources that ADB members have undertaken to combat the COVID-19 pandemic.

Read: How are Countries in Asia and the Pacific Responding to COVID-19?

ADB's Response

In the News

Projects

Blogs

News Releases on COVID-19 Financial Assistance to ADB Members

Articles on COVID-19

Photo Essay

COVID-19: Responding to the Present Crisis, Preparing for Future Challenges

ADB is formulating an aggressive set of actions to protect the poor, the vulnerable, and wider populations across Asia and the Pacific. And to ensure economies will rebound as swiftly as possible.

Videos

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53rd Annual Meeting of the ADB Board of Governors

53rd Annual Meeting of the Asian Development Bank

7 May 2020 Update

The 2020 Annual Meeting of the Board of Governors will now be in two stages in 22 May 2020 (Business Session for Governors only) & 18-21 September 2020 in Incheon, Republic of Korea (full-scale for all delegates). Further information on the Annual Meeting website.

Watch the webcast on ADB Live - 53rd Annual Meeting of the Asia Development Bank: Business Session Online | 22 May 2020, 11:00 a.m. Manila, Philippine time.

Publications and Documents

04 Jun 2020 | Papers and Briefs

The Impact of Nonperforming Loans on Cross-Border Bank Lending: Implications for Emerging Market Economies

This brief suggests how policy makers can tackle the likely rise in nonperforming loans (NPLs) as a result of the coronavirus disease (COVID-19) pandemic to prevent a debt crisis.

29 May 2020 | Reports

COVID-19 Impact on Job Postings: Real-Time Assessment Using Bangladesh and Sri Lanka Online Job Portals

This brief reports on a rapid assessment of labor demand in Bangladesh and Sri Lanka to help understand the impact of coronavirus disease (COVID-19). The analysis uses job postings at leading online job portals in the two countries.

20 May 2020 | Reports

Fast-Tracking the SDGs: Driving Asia-Pacific Transformations

This report focuses on six interlinked transformative entry points that can help the Asia and Pacific region deliver the Sustainable Development Goals (SDGs) by 2030 under the Global Decade of Action.

15 May 2020 | Papers and Briefs

Updated Assessment of the Potential Economic Impact of COVID-19

This brief presents new projections on the economic impact of COVID-19 and highlights policy implications.

Policy Recommendations for Developing Countries in the COVID-19 era and Beyond

The Economic Impact of the COVID-19 Outbreak on Developing Asia

The new analysis updates findings presented in the Asian Development Outlook (ADO) 2020 published on 3 April.

Key Messages from the 15th May Updated Assessment of the Potential Economic Impact of COVID-19:

  • New analysis using the Global Trade Analysis Project model estimates that the global economic impact of COVID-19 could reach $5.8 trillion (6.4% of global GDP) under a 3-month containment scenario, and $8.8 trillion (9.7% of global GDP) under a 6-month containment scenario. This updates estimates published in the Asian Development Outlook 2020 on 3 April.
  • The potential economic impact on Asia and the Pacific is estimated at $1.7 trillion (6.2% of regional GDP) under a 3-month containment scenario and $2.5 trillion (9.3% of regional GDP) under a 6-month containment scenario, with the region accounting for 30% of the overall decline in global output.
  • Government policy responses —such as direct income and revenue support—could soften the COVID-19 impact by as much as 30%–40%, reducing the global economic loss to $4.1 trillion–$5.4 trillion (4.5%–5.9% of global GDP).
  • Policy makers should work together to quickly limit the pandemic—the longer the containment period, the more difficult and prolonged the recovery will be. Strong income and employment protection are critical to support the most vulnerable and avoid long- term economic scarring.

News: COVID-19 Economic Impact Could Reach $8.8 Trillion Globally — New ADB Report

The ADB’s COVID-19 Policy Database provides detailed information on the key economic measures that ADB members are taking to combat the pandemic.