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

The Ethics of Live Surgery Broadcasts: NMC Seeks Public OpinionMay 17, 2024
Successful Removal of 3.7 KG Large Abdominal Tumor from 14-Year-Old Somalian Girl at KIMS Cuddles HospitalMay 16, 2024
iLEAD Sets a Precedent by Launching a Graphic Anthology Authored by Multimedia, Animation and Graphics Students May 16, 2024
Ramaiah Memorial Hospital Launches Novel Intra-Operative Radiation Therapy (IORT); Achieves significant advancement in Cancer Treatment to Enhance Quality of LifeMay 16, 2024
IIITH Announces Product Management Summer SchoolMay 16, 2024
Çelebi India's Delhi Cargo Terminal Successfully Handles Airbus H125 Helicopter ShipmentMay 16, 2024
Plant-Based Diets and Prostate Cancer: New UCSF Study Shows Promising ResultsMay 16, 2024
National Medical Commission Approves 112 New Medical CollegesMay 16, 2024
Study Suggests That Chemotherapy Results in Physical Decline for Older Women with Breast CancerMay 16, 2024
Google DeepMind's AlphaFold 3: Revolutionizing Drug Discovery with AIMay 16, 2024
Hester Biosciences Ltd reports Consolidated Revenue growth of 18% at Rs. 79.3 crore, EBITDA up 37% to Rs. 16.4 crore and Net Profit up 12% to Rs. 6.40 crore in Q4FY24May 16, 2024
Akshay Tritiya Parna Mahotsav heldMay 16, 2024
IT Minister Sridhar Babu to grace the 10th National Facilities Managers Summit-2024, to be held in the cityMay 15, 2024
Alarming Study Reveals Cancer-Causing Chemicals in Car InteriorsMay 15, 2024
India's Thalassemia Challenge: The Importance of Early Screening and TreatmentMay 15, 2024
The Dangers of Ultra-Processed Foods: A 30-Year Study Raises AlarmsMay 15, 2024
Unique Genetic Risk Factors for Breast Cancer Found in African Ancestry StudyMay 15, 2024
AsiaMedic partners with Sunway to establish new diagnostic imaging centreMay 14, 2024
Kamineni Doctors Successfully Remove Bone Stuck Near Heart in Elderly PatientMay 14, 2024
On International Nurses Day, American Oncology Institute (AOI) launches #TheExtraordinaryCareGiver Campaign as Tribute to Oncology NursesMay 14, 2024