ADB offers $4bn in emergency aid to help nations hit by Mideast conflict

15/06/2026 03:53 AST

The Asian Development Bank (ADB) is acting quickly and decisively with $4 billion in financing to help countries withstand the impact of the Middle East conflict, including about $3 billion requested by governments and $1 billion provided as trade finance for energy and food imports.

ADB said the move comes following formal requests for support from 15 affected governments across the region, including previously announced requests from Bangladesh, Fiji, the Philippines, and Sri Lanka.

The requests, which follow a financial support package announced by ADB in late March, range in size from $15 million to $1.5 billion and include policy-based loans, countercyclical financing, rapid repurposing of existing sovereign portfolio funds, and emergency assistance loans.

ADB is in discussions with an additional 4 countries facing continued impacts on their economies.

"ADB is acting with speed and scale to support countries experiencing a range of impacts from the Middle East conflict, including pressure on finances, remittances, tourism, and fuel and fertilizer supplies," stated its President Masato Kanda.

"At this time of acute uncertainty and risk, we are deploying our full suite of crisis response instruments-including budget support, trade finance, and a new mechanism to rapidly repurpose existing portfolio funds - to deliver the tailored and timely support our members, from large to small, need to safeguard their economies and communities," he added.

Complementing this sovereign assistance, ADB has reactivated support for oil imports under its Trade and Supply Chain Finance Program (TSCFP) on an exceptional basis for a limited period to soften the impact of rising oil prices and supply chain disruptions.

Since March 1, ADB's TSCFP has delivered $673 million to support oil and gas imports and $390 million for food security across 9 countries, helping maintain access to essential supplies amid global market disruptions, it added.

Trade Arabia