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Economic Updates: $1.5 billion ADB loan to fund COVID response

$1.5 billion loan to fight COVID19 Approx Read Time: 6 minutes In News: The Government of India has taken a $1.5 billion loan from the Asian Development Bank (ADB) to fund its immediate response to the coronavirus (COVID-19) pandemic. Indonesia and Philippines also received $1.5 billion each as loan. The financing will assist the governments …

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ADB assures $ 2.2 billion support package to India

Asian Development Bank assured $2.2 billion Approx Read Time: 5 minutes In News: The Asian Development Bank has assured India $2.2 billion in its fight against the Covid-19 pandemic. News Summary: On March 18, 2020 the ADB announced an initial package of around $6.5 billion to address the immediate needs of its developing member countries, …

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