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ADB To Support India’s COVID-19 Immediate Response With $1.5 Billion Loan

by OB Bureau
April 28, 2020
in Briefs
Reading Time: 1 min read
COVID-19 India
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New Delhi: The Centre and the Asian Development Bank (ADB) on Tuesday signed a $1.5 billion loan that will support the government’s response to the COVID-19 pandemic.

The focus areas are disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups.

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Earlier, the ADB’s Board of Directors approved the loan to provide budget support to the government to counter and mitigate the adverse health and socio-economic impact of the pandemic, a PIB press release said.

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