SI: ADB APPROVES US$20 M FOR SOLOMON ISLANDS

SI: ADB APPROVES US$20 M FOR SOLOMON ISLANDS

Posted by : Quoting the Solomon Times Posted on : 26-Jun-2020

“The Asian Development Bank (ADB) has approved USD$20 million to help the Government of Solomon Islands combat the coronavirus disease (COVID-19) and its impact on the country's economy.

“The support comprises a USD$10 million concessional loan and a USD$10 million grant and will go toward preventing the disease from entering the country and for mitigating the economic impacts, including protecting the livelihoods of the poor and vulnerable, especially women.

 “The USD$20 million COVID-19 Rapid Response Program will help finance the government's COVID-19 Preparedness and Response Plan and the Economic Stimulus Package. This includes activities such as training frontline nurses and doctors to fight COVID-19, procuring personal protective equipment for medical staff, and delivering economic stimulus to support individuals, businesses, and the economy.”

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