ADB ready to support Vietnam’s COVID-19 fight

VOV.VN - The Asian Development Bank (ADB) is ready to provide Vietnam with timely and flexible support for the Government’s response to the COVID-19 pandemic.

“The ADB stands ready to provide financial assistance and policy advice to help the Vietnamese government contain the spread of COVID-19,” ADB President Masatsugu Asakawa said.

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Disinfecting a car to prevent virus spreading
He added that the bank will consider all options, including quick-disbursing budget support, policy-based lending, and expedited disbursement of existing loans, to ensure any support package can be approved quickly and disbursed in a timely manner.

The ADB President also commended the Vietnamese Government on its timely and effective actions to combat the pandemic. He welcomed its focus on maintaining economic stability and growth in the medium and long-term, including through expanding public investment expenditure and strengthening social safety nets for poor and vulnerable households.

The lender has announced an initial support package of US$6.5 billion to address the immediate needs of its developing member countries, including Vietnam, as they respond to the COVID-19 pandemic.

The bank said it will provide additional support as needed.

VNA

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