News
23 April 2020
ADB approves $1.5bn for Indonesia's COVID-19 response
In:
Social infrastructure
Region:
Asia-Pacific
The Asian Development Bank has approved $1.5 billion in financing to support Indonesia’s efforts to alleviate the impact of the novel coronavirus pandemic on public health, livelihoods, and the economy.
The COVID-19 Active Response and Expenditure Support (CARES) Program will support the government’s stimulus package geared to expand existing social assistance programs, boost resources for COVID-19 prevention and control, and safeguard productive sectors and workers from the economic downturn.
The funding is coming from ADB’s COVID-19 pandemic response option under the countercyclical support facility, which was introduced as part of a $20 billion package approved by ADB earlier this month.
