ADB Approves $250 Million Support for Nepal's COVID-19 Response
ADB is strongly committed to supporting Nepal at this crucial time. This concessional loan will enable the government to continue its containment measures, extend its social protection program for the poor and vulnerable, and set the stage for an early economic recovery,” said ADB President Masatsugu Asakawa. “The COVID-19 pandemic continues to be a serious public health issue and will significantly impact Nepal’s overall social and economic development. ADB will work closely with the government and other development partners to help ensure a coordinated and effective response.The CARES Program will support the government in scaling up its testing capacity to at least 3,000 tests per day and establishing quarantine facilities for at least 200,000 people with separate wards for women and men in all seven provinces. Incentives will be provided for medical and other frontline personnel responding to COVID-19.