Adb Grant Agreement

ISLAMABAD, November 3 (Xinhua) — Pakistan and the Asian Development Bank (ADB) have signed a $2 million grant agreement to continue supporting Pakistan`s efforts to combat the COVID 19 pandemic and improve emergency measures, Pakistan`s Economic Affairs Department announced Tuesday. The Asian Development Bank (ADB) is an international organization whose main objective is to reduce poverty in Asia and the Pacific through environmentally friendly growth. This objective is pursued by providing various forms of financial assistance to developing countries through loans, technical assistance, grants, guarantees and participations. AdB works in many areas to combat climate change, but its expertise and expertise focus on clean energy, sustainable transportation and urban development, land use and forests for carbon sequestration, sustainable development and strengthening policies, governance and institutions. The ADB intends to allocate the EMB`s financial resources to public and private energy management projects (. B for example, energy production and access, energy efficiency, transportation, buildings, cities, industries and appliances, land use/forestry, and institutional and regulatory systems). adaptation (for example. Improvements in livelihoods, health and well-being, as well as food and water security, infrastructure and the built environment, ecosystems and ecosystem services, climate information/alert systems, climate awareness and reduction) and cross-cutting issues. The grant is in addition to the initial selection of US$500,000, which was released by the ADB through UNICEF to support the acquisition of personal protective assistance and equipment in Pakistan. These were provided to physicians, nurses and other health workers in major health facilities, which were prioritized by the government. „Since the outbreak of the pandemic, UNICEF has supported the Pakistani government in its efforts to mitigate the spread of coronavirus in the country,“ said Aida Girma, UNICEF Representative in Pakistan. „In particular, UNICEF has supported the national response to risk communication and community engagement by ensuring timely and accurate information for families and communities, encouraging positive behaviour to reduce the risk of COVID-19 transmission, and providing medical care and personal protective equipment to save lives.“ The ADB continues to work closely with the Pakistani government and its development partners to help Pakistan support progress in the fight against the pandemic,“ said Xiaohong Yang, ADB Director for Pakistan. „The grant through UNICEF will help strengthen Pakistan`s response to the COVID 19 challenge.

Pakistan must maintain its strong efforts to contain the pandemic through strong prevention and control measures and the provision of essential medical and emergency facilities, given the recent increase in infection rates. Pakistan and the Asian Development Bank (ADB) signed a $2 million grant agreement on Tuesday to intensify the country`s efforts to combat the coronavirus pandemic 17 October 2017 / GCF and ADB have stepped up their support for strengthening the climate responses of Pacific island states with the signing of a major funding agreement to improve water management in Fiji.