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Coronavirus: The Asian Development Bank boosts aid for trade

The ADB has tripled the size of its Covid-19 fund to $20 billion in an effort to inject new life into regional trade networks.

Kenji Yuhaku_ADB_780

Kenji Yuhaku, senior strategy, policy and partnerships adviser at the Asian Development Bank

First in, first out? When China posted a sharp fall in new cases of Covid-19 in early April, followed by South Korea, some people began to hope. Was there light at the end of the tunnel?

And if the economies of China and Asia find a way to bounce back fast, could they offer lessons to the rest of the world about the likely state of economic and financial life after lockdown?

Alas, hope can be dangerous. Asked if Asia was past the worst of the pandemic, Kenji Yuhaku, senior strategy, policy and partnerships adviser at the Asian Development Bank, sighs.

“The region as a whole does not seem to have peaked,” he warns.

“Only a very few countries have lessened quarantine measures, while many more have only recently instituted strong measures,” he adds.

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