Fighting Covid-19

ADB keen to partner with developing countries

Diplomatic Correspondent

19 September, 2020 12:00 AM printer

President of the Asian Development Bank (ADB) Masatsugu Asakawa on Friday said the bank is committed to partnering with developing economies in Asia and the Pacific to achieve their recovery goals from the coronavirus pandemic

“ADB will continue to earn your trust as a steadfast partner during the uncertain times we still face in our region as we build for a strong and lasting recovery,” said Asakawa in an address to ADB’s board of governors.

He spoke at the opening of the business session of the second part of ADB’s 53rd annual meeting of the board of governors, according to a message of ADB received from Manlia on Friday.

ADB announced in April a $20 billion package to help its developing members address Covid-19. This included rapid emergency grants and technical assistance to help governments meet urgent medical needs; a new Covid-19 Pandemic Response Option (CPRO), which is supporting countercyclical expenditure programs; and assistance for the private sector.

Over two days of online annual meeting events, ministers from ADB members, development and industry experts, journalists, and non-government organisations have discussed a range of issues confronting Asia and the Pacific.