ADB, Medanta Sign Debt Financing to Support COVID-19 Response in India

The Asian Development Bank (ADB) has signed a 1 billion Indian rupee, or about $13.7 million, debt financing agreement with India’s Global Health Private Limited (Medanta) to provide essential health care services and medical equipment to help combat the coronavirus disease (COVID-19) pandemic.

The project will support the purchase of personal protective equipment, basic hygiene products, and patient care equipment such as ventilators and beds. It will also support staff training programs on infection prevention and control.

“Private sector health care services play a life-saving role during health crises such as the COVID-19 pandemic,” said Head of Health and Education Investments at ADB’s Private Sector Operations Department Aniruddha Patil. “Medanta’s proven expertise and leadership will further improve the resilience of India’s health system, enabling it to respond effectively to the current crisis and future health care challenges.”

Funding agencies: