ADB has approved a $10 million grant under its Asia Pacific Vaccine Access Facility to help Maldives upgrade storage facilities and strengthen the distribution and administration of COVID-19 vaccines.
The project will construct a central cold storage facility in Hulhumalé that is climate-resilient and powered by renewable energy, replacing the temporary facility in Malé.
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ADB has approved a $30 million policy-based loan to help Palau’s economy rebound from the COVID-19 pandemic under the Recovery through Improved Systems and Expenditure Support Program.
The government will need to strengthen interagency coordination and local government units capacity on social assistance programs, beef up its healthcare system, and expand support for micro, small and medium enterprises to sustain economic recovery from the pandemic, the Asian Development Bank said.