ADB’s total Asia pandemic commitment hits USD22.8bn in 2021
- Asia First
- Apr 26, 2022
- 1 min read
The Asian Development Bank (ADB) has committed a total of USD22.8bn from its own resources to help Asia tackle the effects of the global health pandemic, according to its annual report. The report summarises how the Manila-based lender supported its developing member countries through a combination of finance, knowledge, and partnerships. The USD22.8bn committed in 2021 includes loans and guarantees, grants, equity investments, and technical assistance provided to governments and the private sector. In addition, ADB mobilized USD12.9bn in cofinancing. Of ADB’s 2021 commitments, USD13.5bn, or 59%, was for pandemic response, although many of these commitments, such as strengthening the health sector, will also help the region long after the pandemic is over.
