The Asian Development Bank (ADB) and the Pakistan government on Friday signed a $300 million emergency relief loan agreement, which the bank initially approved on May 19.
Economic Affairs Division Secretary Noor Ahmed and ADB Country Director for Pakistan Zhaoong Yang signed the loan agreement, which officials said would strengthen Pakistan's public health response to COVID 19 epidemics and help the poor and It will help meet the basic needs of the weak.
The project documents were signed by Yousuf Khan, Secretary, Poverty Alleviation and Social Safety Division, and Nadeem Ahmed, Chief Executive, National Disaster Risk Management Fund (NDRMF).
'The ADB, signed today, will help Ehsan, Pakistan's social security program, to continue to make emergency cash transfers to poor families and women," Yang said. 'The project aims to rapidly upgrade medical facilities and meet the needs of hospitals and frontline health workers with the necessary equipment, rapid training and capacity building, and to strengthen the support capacity in remote border areas.' It will also help to buy emergency vehicles. '
In April, ADB re-allocated 30 30 million from the National Disaster Risk Management Project to support Pakistan's epidemic response, and the NDRMF Board of Directors allocated $20 million in interest from the funds allocated under the project. Allocated dollars.
Meanwhile, the Norwegian government has also provided a $5.2 million grant to strengthen the emergency response system in Khyber Pakhtunkhwa in the midst of the Cove 19 crisis.
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