ADB to triple COVID-19 loans for developing countries to US $20 bil.
Arirang News
2020-04-14
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ADB "코로나 비상' 개도국에 200억달러 대출 지원"
The Asian Development Bank is tripling the size of its coronavirus-related rescue loan package for developing member nations to 20-billion U.S. dollars to help them fight the economic turmoil triggered by the pandemic.
The bank's president said Monday that the agency is adding 13-and-a-half billion to the initial 6-point-6 billion package it announced last month,... as the economic impact is deemed more severe than previously thought.
The ADB added that the 20-billion dollars includes about 2-and-a-half billion in concessional and grant resources,... saying the pandemic "threatens to set back economic, social and development gains in Asia and the Pacific."
The Asian Development Bank is tripling the size of its coronavirus-related rescue loan package for developing member nations to 20-billion U.S. dollars to help them fight the economic turmoil triggered by the pandemic.
The bank's president said Monday that the agency is adding 13-and-a-half billion to the initial 6-point-6 billion package it announced last month,... as the economic impact is deemed more severe than previously thought.
The ADB added that the 20-billion dollars includes about 2-and-a-half billion in concessional and grant resources,... saying the pandemic "threatens to set back economic, social and development gains in Asia and the Pacific."
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