On Monday Japan has announced,that it will provide a emergency loan of 50 billion yen which is Rs 3,500 crore to support India’s response to the Covid-19 crisis. Japanese ambassador Satoshi Suzuki, and CS Mohapatra, additional secretary in India’s department of economic affairs exchanged notes regarding the provision of the yen loan for the response to the Covid-19 emergency.

A statement issued by the Japanese embassy noted that This loan provides India the necessary funds for emergency response in fighting against Covid-19 in India. This is the largest amount of financial assistance ever announced by any country till now to back India’s response to the Covid-19.