COVID-19 Emergency Response (ADB-54155-001)

Countries
  • Maldives
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 25, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Maldives
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS May 18, 2020

Disclosed by Bank Mar 25, 2020


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Project Description

According to bank website, "ADB's support will ease the government's immediate financial, logistic, and other constraints to meet immediate relief needs and deliver appropriate medical services where required. Given the unpredictable nature of the situation, flexibility is required in the design of any support along with close coordination with relevant partners providing support. Based on the government's request and HPA's prioritization, funds are needed to urgently support procurement of diagnostic equipment, materials for critical care facilities including intensive care unit beds, and personal protection and other key medical equipment. Other needs may be identified as the situation evolves in the next few weeks.

The proposed activities include the procurement of emergency medical goods and supplies and other initial support required for dealing with the COVID-19 outbreak. These proposed activities which will be financed by the Asia Pacific Disaster Response Fund (APDRF) are aligned with WHO's Strategic Preparedness and Response Plan for COVID-19. APDRF will complement other ADB support and coordinate with development partner interventions. Flexible and expeditious procurement approaches, including those specified in the Implementation Guidelines for the Asia Pacific Disaster Response Facility and consistent with paras. 16 17 of Operations Manual Section D7/OP for disaster and emergency assistance, will be followed. The procurement of goods and supplies will be coordinated with other technical agencies (such as United Nations agencies) to avoid duplication of supply. Given the need for flexibility, procurement may be outsourced to identified United Nations agencies which have stronger links to the supply market."

Investment Description
  • Asian Development Bank (ADB)

Asia Pacific Disaster Response Fund

Contact Information

Responsible ADB Officer Hoque, Uzma S.
Responsible ADB Department South Asia Department
Responsible ADB Division Human and Social Development Division, SARD
Executing Agencies Ministry of Finance (formerly Ministry of Finance and Treasury)
Ameenee Magu, Block 379, Male', Republic of Maldives

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main