THE Asian Development Bank (ADB) is tripling the amount of quick-disbursing loans available to developing member countries in Asia to US$20 billion to help them battle the economic and health effects of the coronavirus pandemic, its president said. Read more at The Business Times.
To ensure faster delivery of support, Mr Asakawa said the ADB would streamline its processes and make its lending terms"much more flexible".
Its baseline forecast called for growth in developing Asia, a group of 45 economies that includes China and India, to slow to 2.2 per cent in 2020 from a previous forecast of 5.2 per cent, which would be the weakest in more than two decades.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ADB announces US$20 billion coronavirus rescue packageThe Asian Development Bank said Monday it will roll out a massive $20 billion package to help developing member nations weather the economic ...
Read more »
ADB announces US$20 billion coronavirus rescue packageThe Asian Development Bank said Monday it will roll out a massive $20 billion package to help developing member nations weather the economic ...
Read more »
Dish cuts jobs, re-evaluates business in coronavirus falloutDish Network Corp has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, the U.S.
Read more »
Seen everywhere in last US crisis, moral hazard is nowhere in this oneAs the U.S. Federal Reserve rolls out trillions of dollars to blunt the economic fallout of the coronavirus pandemic, there's a notable difference ...
Read more »
With over 21,300 coronavirus deaths, US spends Easter Sunday on lockdownREUTERS: Americans spent Sunday on lockdown as the US toll from the novel coronavirus pandemic surpassed 21,300 deaths and more than half a ...
Read more »
With more than 21,300 COVID-19 deaths, US spends Easter Sunday on lockdownNEW YORK: Americans spent Sunday (Apr 12) on lockdown as the US toll from the COVID-19 pandemic surpassed 21,300 deaths and more than half a ...
Read more »