What have been the main challenges encountered by Asian Development Bank (ADB) during the pandemic? As the Covid-19 pandemic continues to unfold, its enormous economic and social impact is becoming clearer. ADB estimated that developing Asia's gross domestic product contracted in 2020 by 0.2% - its first contraction in six decades. This is a substantial decline from the 5% growth seen in 2019. Growth is forecast to rebound to 6.8% in 2021. ADB is encountering a wide range of requests from our developing member countries (DMCs). As a longstanding and trusted partner, we are making all-out efforts to provide fast and tailored responses to meet their specific needs. This includes grants provided since the very early stages of the pandemic to help DMCs purchase medical and personal protective equipment, and to provide working capital to keep businesses afloat.
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