President of Asian Development Bank, Masatsugu Asakawa, today, assured Finance Minister Nirmala Sitharaman of 2.2 billion dollars or about 16,500 crore rupees, support to India in its fight against the COVID-19 pandemic.
Asakawa said, ADB is committed to supporting India’s emergency needs. We are now preparing 2.2 billion dollar in immediate assistance to the health sector and to help alleviate the economic impact of the pandemic on the poor; informal workers; micro, small, and medium-sized enterprises; and the financial sector.
He added, ADB assistance for India will be further increased if needed. All financing options available with ADB will considered to meet India’s needs, including emergency assistance, policy-based loans, and budget support to facilitate swift disbursement of funds, he said.
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