ADB sanctions 500 Million Dollars to Bangladesh

▴ ADB sanctions 500 Million Dollars to Bangladesh
The assistance is part of the dollar 20 billion extended assistance for developing countries’ response to the pandemic announced by ADB on April 13. Earlier, ADB had approved 100 million dollar concessional loan for Bangladesh to support its immediate public health requirement arising out of Corona

The Asian Development Bank (ADB) on Thursday approved an additional loan of 500 million dollar to Bangladesh to manage the impact of Corona virus on its economy and public health. In a statement issued on Thursday, ADB said that the loan will benefit 15 million poor and vulnerable people of Bangladesh. It said that around 1.5 million workers, mostly women, in export industries will receive salary support.

The assistance is part of the dollar 20 billion extended assistance for developing countries’ response to the pandemic announced by ADB on April 13. Earlier, ADB had approved 100 million dollar concessional loan for Bangladesh to support its immediate public health requirement arising out of Corona outbreak.

In the meanwhile, Bangladesh on Thursday reported its second highest number of deaths due to Corona virus since the first case was reported on March 18. The Directorate General of Health Services (DGHS) reported 13 deaths and 706 new Corona positive cases taking the total number of positive cases to 12,425 and deaths to 199. It also reported 130 recoveries taking the total number of recovered cases to 1910.

The government ramped up its effort to fight Corona pandemic with the appointment of more than 5000 nurses in several hospitals dedicated to Corona virus treatment in the country on Thursday. In another step, the government on Wednesday waived off VAT on Personal protective equipment (PPE) and surgical masks as measures to tackle the pandemic.
Following the announcement that shops and malls will be allowed to open from 10 a.m. to 4 p.m., Dhaka Metropolitan Police (DMP) on Thursday announced a set of instructions for shopping malls to contain spread of Corona virus after the partial opening. It instructed that people can go only to malls within 2 kilometres of their homes for shopping. Wearing of masks has been made mandatory for all shoppers and store employees.

The decision of the government to partially open the shops and malls has come in for sharp criticism by the opposition Bangladesh Nationalist Party (BNP). Addressing media at party office in Dhaka Secretary General of BNP Mirza Fakhrul Islam Alamgir on Thursday called the decision as irresponsible. He accused the government of giving inaccurate and inauthentic data relating to Corona spread in the country.

Speaking about the arrest of a cartoonist and a blogger earlier this week, Fakhrul Alamgir said that journalists in Bangladesh are facing harassment and threat. The Editors’ Council, called Sampadak Parishad, also expressed concern over the arrest of journalists under the Digital Security Act (DSA). In a statement on Thursday it said that recent arrests of journalists is a threat to freedom of expression.

Tags : #AsianDevelopmentBank #Bangladesh #CovidAid

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

10 compelling reasons why choosing right media platform Is important in healthcareApril 19, 2024
Protecting Public Health: Proposed Guidelines for Pharmaceutical Product DistributionApril 19, 2024
What is Haemophilia: A Genetic Bleeding Disorder that has Affected 1,36,000 IndiansApril 19, 2024
Climate Change and Stroke Risk: Exploring the Impact of Temperature Fluctuations on Your Body April 19, 2024
The Extension and Benefits of ABHA Linking with CGHS Beneficiary ID: What You Need to KnowApril 19, 2024
Serum Institute of India Partners with Oxford University to Develop Meningitis-B VaccineApril 18, 2024
Ethical Concerns Arise: Nestlé Accused of Adding Sugar and Honey to Infant Formula and Breakfast Cereals in Low-Income CountriesApril 18, 2024
Empowering India's Youth: IG Drones & AASSC Launch Drone Skill Program, to Upskill 10M YouthApril 17, 2024
Autonomix Medical Inc. Covered in Benzinga Article Highlighting Innovative Nerve Treatment TechnologyApril 17, 2024
Top 5 online learning platform for learnersApril 17, 2024
Broad-Spectrum RNA Vaccine Breakthrough for Enhanced Virus ProtectionApril 17, 2024
The Impact of Excessive Internet Usage on School Absence: Finnish Study Reveals Key FindingsApril 17, 2024
Uncovering Delhi's Illegal Fertility Centre Operations: Insights from Recent Child Trafficking CasesApril 17, 2024
CarDekho's CSR Arm Girnar Foundation Hosts Health Check-up Camps for Underprivileged Children in Jaipur and GurugramApril 16, 2024
Atal Incubation Centre – Centre for Cellular and Molecular Biology (AIC-CCMB) signs agreement for placement of equipment with Thermo Fisher Scientific to help advance innovation in India April 16, 2024
AVEKSHA, four-day care centres, for the kids of industrial workers inauguratedApril 16, 2024
Nearly a third of the constituencies have zero women candidates in Phase 1 and 2 of LS Elections; reveals The Quantum Hub’s Factsheet April 16, 2024
Emergency Healthcare Provider Medulance Secures $3 Million Series A Funding Led by Alkemi Growth CapitalApril 16, 2024
The Healing Power of Natural Diversity: How Nature Boosts Mental HealthApril 16, 2024
Unveiling Cellular Recycling: How Nutrient-Starved Cells Adapt to Stressful ConditionsApril 16, 2024