ADB approves USD 3 million to India to fight against COVID-19 pandemic

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31 July 2020 Current Affairs:Multilateral funding agency Asian Development Bank (ADB) has approved a $3 million (about Rs.22 crore) grant to India from its Asia Pacific Disaster Response Fund. They further support the government’s emergency response to the COVID-19 pandemic. The grant is financed by the Japanese government. The funds will be used to procure thermal scanners and essential commodities to strengthen India’s COVID-19 response.

Highlights:
The new grant is a move by ADB to the Government of India in strengthening its COVID-19 response. 
It also enhances disease surveillance and helps in early detection, contact tracing, and treatment.
It will also further supplement other public health measures.
ADB approved a $1.5 billion COVID-19 Active Response and Expenditure Support (CARES) programme. The aim is to support India in its immediate pandemic response efforts, including disease containment and prevention, and social protection measures for the poor and economically vulnerable, particularly women and disadvantaged groups.
COVID-19 pandemic response option (CPRO) under ADB’s Countercyclical Support Facility funds the CARES programme.
CPRO was established as part of ADB’s $20 billion expanded assistance for developing member countries’ pandemic response, which was announced on 13 April 2020.

source https://naukri.sarkari-exam.in/adb-approves-usd-3-million-to-india-to-fight-against-covid-19-pandemic/

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