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Asian Development Bank approves $2.5 mln-grant for Georgia

Asian Development Bank approves $2.5 mln-grant for Georgia
Asian Development Bank approves $2.5 mln-grant for Georgia

The Asian Development Bank (ADB) has approved a US $2.5-million grant for Georgia for the pandemic's ongoing response.

The project is funded by the Asia-Pacific Disaster Response Fund (ADB) (APDRF) and Japan's Government.

The allocated grant will be used to provide vital services to the population affected by the pandemic's consequences.

"The healthcare system in Georgia is particularly affected by the rapid spread of COVID-19 in recent months. The grant will help Georgia to respond. This is part of the Asian Development Bank's assistance to support the health care system in Georgia," said Shane Rosenthal, Director of the Asian Development Bank's Resident Office in Georgia.

The grant is part of ADB's comprehensive assistance package, which aims to support Georgia in managing the coronavirus pandemic's negative impact.

In May, ADB approved a $100 million loan to help the Georgian government stop the spread of the new coronavirus, mitigate its negative impact on businesses, and preserve vulnerable groups' livelihoods, including women and children.

In October, the bank approved a $200 million loan to help Georgia's economy recover from the damage caused by the coronavirus pandemic by addressing public financial management problems and challenges to the country's social security system.

In August 2020, the Asian Development Bank, as part of a regional technical assistance project, allocated a grant to Georgia to purchase an apparatus for conducting PCR tests.

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