The Asian Development Bank (ADB) has announced a $ 20 billion Corona virus rescue package for developing countries.
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| asian bank news breaking news |
The package provided by ADB is for the recovery of economic losses in developing countries.
Under the package, $ 13 billion has been allocated for the budget deficit of Corona virus-affected developing countries, while $ 2 billion has been allocated for the private sector.
The developing countries of the Asian Development Bank include the countries from Afghanistan to Myanmar and India to China.
The bank says the global economy's shutdown due to the Corona virus has created an atmosphere of depression.
ADB Coronavirus has suffered $ 4100 billion in losses to the global economy as a result of major economic forces such as the US and Europe.
It is thought that the number of Corona virus-infected people worldwide has exceeded 18 million 70,000, out of which more than 166,000 have died.
In his video message yesterday, Prime Minister Imran Khan appealed to the UN and global financial institutions to help developing countries and provide relief to repay loans so they can deal with Corona.
The Asian Development Bank has announced $ 35 million to Pakistan to deal with Corona, while the World Bank has also announced $ 1 billion.
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