The Asian Development Bank (ADB) on Friday approved a $ 500 million loan to Pakistan to help the country acquire and supply Covid-19 vaccines to its population while improving the capacity of vaccination program in the country.

In a statement released Friday, the Asian Development Bank said the funding supports Pakistan’s national vaccination Program, which is estimated to procure and supply around 39.8 million doses of Covid-19 vaccines, boxes and syringes in coming future.

The project is funded by the $ 9 billion ADB Asia-Pacific Vaccine Admission Fund, launched in December 2020 to provide rapid and equitable vaccination support for developing ADB member countries.

“Vaccines will help limit the spread and death of COVID-19, restore public confidence and are vital to economic recovery,” ADB President Masatsugo Asakawa said in a statement. “This project will help protect vulnerable groups in Pakistan and is an integral part of a package of development partners to help the government mitigate the health, social and economic impact of the pandemic.”

The project is based on Pakistan’s previous support from the Manila-based agency, which includes a $ 300 million emergency aid loan last May. The goal is to strengthen the country’s public health, expand treatment for Covid-19 patients, and provide remittances to the poorest families.

Last June, a $ 500 million loan was approved to effectively respond to and support a spending support program, as well as support for remittances for poor families affected by Covid-19 closures and other government initiatives to mitigate negative economic and social consequences. pandemic.

In addition, the Asia Pacific Disaster Fund provided a $ 2 million grant last March and an immediate purchase of equipment and supplies for first aid.

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