Debt-ridden Pakistan Gets USD 500 Million Loan from ADB to Buy Coronavirus Vaccines

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The ADB chief mentioned Pakistan was aiming to vaccinate the complete eligible inhabitants round 119 million folks comprising all these aged 18 years and above.

The monetary help will strengthen Pakistan’s capability to implement its vaccination programme by enabling it to buy an estimated 39.8 million doses of Covid-19 vaccines, security bins, and syringes.

  • PTI Islamabad
  • Last Updated:August 07, 2021, 00:07 IST
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The Asian Development Bank on Friday authorised a USD 500 million mortgage for debt-ridden Pakistan to assist it purchase coronavirus vaccines. The mortgage was sanctioned underneath ADB’s USD 9 billion Asia Pacific Vaccine Access Facility launched in December 2020, ADB President Masatsugu Asakawa mentioned in an announcement.

The monetary help will strengthen Pakistan’s capability to implement its vaccination programme by enabling it to buy an estimated 39.8 million doses of Covid-19 vaccines, security bins, and syringes. The ADB chief mentioned Pakistan was aiming to vaccinate the complete eligible inhabitants round 119 million folks comprising all these aged 18 years and above.

ADB’s Covid-19 vaccine help mission will present financing to vaccinate over 18m folks from precedence teams, he mentioned, including that these teams embrace frontline well being care employees, the aged, marginalised teams together with refugees and internally displaced individuals, and folks with comorbidities. The ADB helps Pakistan in combating the pandemic and it in May final 12 months had authorised a $300 million emergency help for Pakistan to strengthen its public well being response to the coronavirus pandemic.

According to the well being ministry, over 35.3 million doses have been administered to this point in Pakistan and the federal government goals at vaccinating over 70 million folks by the top of this 12 months.

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