Emergency Assistance Program in Combating COVID-19 (NDB-emergencyassistancepr)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
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
B
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
Apr 30, 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 India
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 1,000.00 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 @ NDB website

Updated in EWS May 13, 2020

Disclosed by Bank Apr 30, 2020


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Project Description

According to NDB website, the project aims to support the GOI in fighting the COVID-19 outbreak, and reduce human, social and economic losses. This Program will enable recovery of economic and social activity through procurement and deployment of critical healthcare goods and services. These measures will enhance India’s disease detection and diagnosis, infection prevention and control capacities, sustain and re-inforce healthcare services, and strengthen operational support and logistics, etc. The Program will also provide financial resources to support the GOI in strengthening its social safety net to reduce the economic and social impacts of COVID-19.

Investment Description
  • New Development Bank (NDB)
Contact Information

Jianshi Yao, Project Team Leader, NDB
yao.jianshi@ndb.int

Borrower: Ministry of Finance of Government of India:

Prasanna V. Salian
pv.salian@nic.in

Implementing Agency: Department of Economic Affairs, Ministry of Finance

Prasanna V. Salian
pv.salian@nic.in