COVID-19 Response: Pakistan signs MoU with ADB for $ 5.28 million Norwegian grant
Islamabad: The Asian Development Bank (ADB) and the government signed an agreement on Friday to support Pakistan’s response to the novel coronavirus epidemic in Khyber Pakhtunkhwa through the National Disaster Risk Management Fund (NDRMF), in an official press release. said.
According to the statement of the ADB, the agreement was signed by Secretary Economic Affairs Division Noor Ahmed and ADB’s country director for Pakistan Xiaohong Yang.
After the signing ceremony, Yang met with the Charge de’Fire of the Royal Norwegian Embassy in Sigboron Tenford, Islamabad to discuss the project.
Under the agreement, Norway’s government will provide a grant of $ 5.28 million to strengthen the emergency response system at KP amid the COVID-19 crisis.
The grant has been drawn from the unused resources of the Pakistan Earthquake Fund and will be administered by the ADB, the statement stated.
“This grant will help provide emergency response services, provide necessary equipment and supplies to poor communities in remote areas of Khyber Pakhtunkhwa,” Yang said. He said according to the ADB, “This reflects the permanent partnership and commitment of the Norwegian government and the ADB in support of disaster risk reduction in Pakistan.”
In April, the ADB repaid $ 30 million from the National Disaster Risk Management Project to support Pakistan’s response to the pandemic and the NDRMF Board of Directors allocated an additional $ 20 million in interest earned from the endowment fund.
Norway has provided significant financial and technical assistance to Pakistan, including good governance, education, health and emergency assistance, the ADB statement noted.
Norway worked closely with the ADB and other partners to help Pakistan rebuild and recover from the 2005 earthquake.
“Following the heavy floods that devastated large parts of Pakistan in 2010 and 2011, Norway provided more than $ 56.4 million in aid to restore more basic services for flood-affected families.
ADB is committed to achieving a prosperous, inclusive, resilient and sustainable Asia and Pacific region, while maintaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members-49 from the region, ”the statement said.