Accoring to the bank document, "The Program will finance the public health expenditures on curbing the outbreak with the objective to help the three local governments to finance the most urgent needs for fighting the spread of virus, to reduce the financing gaps, and to free up fiscal resources amid the outbreak so that the adverse impacts from the outbreak on the local economies can be minimized.
The scope of financing of the Program includes outbreak-related public health expenditures, including already incurred public health expenditures since the outbreak till date, and the expected public health expenditures for onward transmission containment, up to the end of 2020.
The Program will finance the three Chinese provinces that are hit the hardest by the outbreak of COVID-19. The total Loan amount is RMB 7 billion. Disbursement will be one tranche of the total loan amount."
Province NDB Loan (RMB Billion)
1/ NDB Project Team Leader:
Ministry of Finance of PRC:
3/ Implementing Agency