ADB's financing plan of $305 mln to support COVID-19 emergency relief services approved.

ISLAMABAD -- A Concept Clearance Committee on support provided by the Asian Development Bank (ADB) approved the financing plan worth of US$ 305 million being offered by the Bank in efforts to support the COVID-19 emergency relief services under the title 'Emergency Assistance for Fighting against coronavirus pandemic'.

The committee accorded approval for ADB loan to the federal government which will be implemented through the NDRMF (National Disaster Risk Management Fund) for execution in provinces and special areas as grant.

The meeting of the committee was chaired by Deputy Chairman Planning Commission Muhammad Jahanzeb Khan and was attended by a delegation of Asian Development Bank led by Country Director Xiaohong Yang, according to a press release issued here on Tuesday.

The ADB will provide $200 million for social protection for the poor and vulnerable, and $105 million for public health emergency preparedness.

The proposal will also focus on stockpiling of stores and health inventories for any unexpected surge and to sustain the provision of personal protective equipment (PPE) and medical supplies throughout coronavirus pandemic.

The proposal also envisage up...