ADB assures $2.2 bn support package to India to fight Covid-19 pandemic

The bank is also engaged with the private sector to meet its financing needs during this period, ADB said in a statement

Asian Development Bank (ADB) President Masatsugu Asakawa on Friday assured Finance Minister Nirmala Sitharaman of $2.2 billion (about Rs 16,500 crore) support to combat Covid-19 pandemic, PTI reported.

In a call, Asakawa commended the government's decisive response to the pandemic, including a national health emergency programme, tax and other relief measures provided to businesses and a $23 billion (Rs 1.7 trillion) economic relief package announced on March 26 to provide immediate income and consumption support to the poor, women, and workers affected by the three-week nationwide lockdown.