"This pandemic has become a major global crisis. It requires forceful action at national, regional, and global levels,” ADB President Masatsugu Asakawa said in a statement on Wednesday. ADB will also mobilise about $1 billion in concessional resources through reallocations from ongoing projects and assessing possible needs for contingencies. ADB will make available $40 million in technical assistance and quick-disbursing grants. Since its first COVID-19 response on Feb 7, ADB has provided more than $225 million to meet urgent needs of both governments and businesses in member countries.

Source: bd News24 March 18, 2020 09:56 UTC