"It is clear that the scope and scale of this crisis require greater efforts," Asakawa told Reuters in an interview on Monday. To ensure faster delivery of support, Asakawa said the ADB would streamline its processes and make its lending terms "much more flexible". The ADB now expects global gross domestic product to shrink between 2.3% to 4.8%, higher than it estimated last month. More than 1.8 million people have been infected by the novel coronavirus globally and more than 113,000 have died, according to a Reuters tally. Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

Source: bd News24 April 13, 2020 12:11 UTC