ADB to loan India $1.5 billion for Covid-19 vaccines | India News

Nation
0 0
Read Time:46 Second


NEW DELHI: The Asian Development Bank (ADB) has approved a $1.5 billion loan for Indian government to purchase Covid-19 vaccines, it said in a statement on Thursday.
The ADB said the loan would fund at least 667 million vaccine doses for an estimated 317 million people, adding that it also expected to co-finance an additional $500 million for vaccine procurement.
India is aiming to fully vaccinate nearly 945 million people aged 18 years and above, about 70% of its population.
ADB said the loan would be financed through its $9 billion Asia Pacific Vaccine Access Facility, launched in December 2020 to provide rapid and equitable vaccine-related support to the development bank’s member countries.
India has so far administered 1.19 billion vaccine doses – at least one dose for 82% of its 944 million adults, with 44% of adults having received a second dose.





Source link

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *