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Adb Approves 1.5 Billion Dollar Loan To India For Purchasing Covid-19 Vaccines

Business Desk, Amar Ujala, New Delhi

Published by: Deepak Chaturvedi
Updated Thu, 25 Nov 2021 04:44 PM IST

Summary

ADB approves 1.5 billion dollar loan to India: The Asian Development Bank has approved a loan of $ 1.5 billion (about Rs 11,185 crore) to India for the purchase of Kovid-19 vaccine. The loan will help procure at least 667 crore COVID-19 vaccine doses for an estimated 317 million people.

The Asian Development Bank has approved a loan of $ 1.5 billion (about Rs 11,185 crore) to India for the purchase of the Kovid-19 vaccine. In this regard, a release issued on Thursday said that ADB has today approved a loan to the Government of India to help procure safe and effective vaccines against the coronavirus pandemic.

Expect additional credit from AIIB
An additional $500 million loan is also expected for the project from the Asian Infrastructure Investment Bank (AIIB). The Beijing-based AIIB is a multilateral development bank focused on developing Asia. It has members from all over the world.

67 crore vaccine doses will be purchased
The ADB loan will help procure at least 667 million Kovid-19 vaccine doses for an estimated 317 million people, the release said. The Manila-headquartered agency said it would support India’s national deployment and vaccination plan. It aims to fully immunize 94.47 crore people aged 18 years and above, which is about 68.9 percent of the country’s population.

ADB President said this big thing
Priority groups include healthcare and frontline workers, senior citizens, and people aged 45 to 59. Asian Development Bank President Masatsugu Asakawa said ADB’s support would help the government protect its citizens from further transmission of the pandemic and save lives.

Expansion

The Asian Development Bank has approved a loan of $ 1.5 billion (about Rs 11,185 crore) to India for the purchase of the Kovid-19 vaccine. In this regard, a release issued on Thursday said that ADB has today approved a loan to the Government of India to help procure safe and effective vaccines against the coronavirus pandemic.

Expect additional credit from AIIB

An additional $500 million loan is also expected for the project from the Asian Infrastructure Investment Bank (AIIB). The Beijing-based AIIB is a multilateral development bank focused on developing Asia. It has members from all over the world.

67 crore vaccine doses will be purchased

The ADB loan will help procure at least 667 million Kovid-19 vaccine doses for an estimated 317 million people, the release said. The Manila-headquartered agency said it would support India’s national deployment and vaccination plan. It aims to fully immunize 94.47 crore people aged 18 years and above, which is about 68.9 percent of the country’s population.

ADB President said this big thing

Priority groups include healthcare and frontline workers, senior citizens, and people aged 45 to 59. Asian Development Bank President Masatsugu Asakawa said ADB’s support would help the government protect its citizens from further transmission of the pandemic and save lives.

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