Pacific

ADB pours money into Covid-19 Pacific responses

16:59 pm on 24 April 2020

The ADB has this week announced $US27 million dollars worth of financial assistance to three Pacific countries to help them strenthen their Covid-19 responses.

The Asian Development Bank has this week announced $US27 million dollars worth of financial assistance to three Pacific countries to help them strenthen their Covid-19 responses.

The Asian Development Bank (ADB) is an Asia regional development organization dedicated to reducing poverty in Asia and the Pacific. Photo: AFP/ Jay Directo

Palau will be able to draw down on a $15 million policy-based loan.

Palau declared a public health emergency on 17 March and the subsequent closure of its borders had put pressure on the country's health system and economy.

A $6 million dollar grant has also been released for the Marshall Islands.

A state of emergency was declared there in February and it had faced similar financial pressures.

The Marshall Islands had already benefitted from a $370,000 grant earlier this month.

The third country to recieve assistance this week was Solomon Islands, in the form of a $3 million grant and a concessional loan of the same value.