The Asian Development Bank said Monday it will roll out a massive $20 billion package to help developing member nations weather the economic ...
Kabul is one of many capital cities to impose a lockdown to try and stop the spread of coronavirus AFP/WAKIL KOHSARMANILA: The Asian Development Bank said Monday it will roll out a massive US$20 billion package to help developing member nations weather the economic fallout from the coronavirus pandemic.
Officially reported COVID-19 cases worldwide have topped 1.8 million and claimed around 115,000 lives globally. Up to US$13 billion in loans will be made available to help virus-hit developing members fill in budget gaps, with another roughly US$2 billion set for the private sector.Developing members of the bank range from Afghanistan and Myanmar to India and China.
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