ADB approves $2.5 million grant for Georgia’s fight against COVID-19
- 08 December 2020
The Asian Development Bank (ADB) has approved a $2.5 million grant to support Georgia’s ongoing response to the coronavirus disease (COVID-19) pandemic, APA-Economics reports citing the Bank.
The COVID-19 Emergency Response Project grant, financed from ADB’s Asia Pacific Disaster Response Fund (APDRF) with a contribution by the Government of Japan will be used to provide lifesaving services for communities affected by the pandemic. These include increasing laboratory and diagnostic testing capacity and providing personal protective equipment and general medical equipment required for Georgia’s COVID-19 response.
“Georgia’s health system has been under extraordinary pressure due to the accelerated spread of COVID-19 in the past months” said ADB’s Country Director for Georgia Shane Rosenthal. “This grant will help to strengthen Georgia’s immediate response and is part of ADB’s ongoing assistance to support Georgia’s health system, social protection, and the livelihood of its communities.”
The grant complements ADB’s comprehensive package of support to help Georgia manage the fallout from COVID-19. In May, ADB approved a $100 million loan to help contain the spread of the disease, mitigate the impact on businesses and protect the livelihoods of the most vulnerable, including women and children. In October, the bank approved a $200 million loan to address key fragilities in the country’s public financial management and social protection systems.