The financing aims to help Bangladesh procure safe and effective vaccines, expand vaccine storage facilities, and distribute vaccines to 31% of the population<\/p>\n
The World Bank\u2019s Board of Executive Directors have approved $500 million in financing from the International Development Association (IDA) to help Bangladesh vaccinate 54 million people against Covid-19.<\/p>\n
The additional financing to the Covid-19 Emergency Response and Pandemic Preparedness Project will help Bangladesh procure safe and effective vaccines, expand vaccine storage facilities, and distribute vaccines to 31% of the population, according to a press statement issued by the World Bank on Friday.<\/p>\n
It aims to support the Bangladesh government\u2019s plan to cover 40% of the population in the first phase of vaccination. \u201cBangladesh has taken quick action to combat Covid-19 by rolling out a national vaccination program. To achieve the objectives of the program, fast and equitable access to vaccines will be important,\u201d said Mercy Tembon, World Bank country director for Bangladesh and Bhutan.<\/p>\n
\u201cThis financing will help Bangladesh strengthen its national systems to ensure the prompt delivery of vaccines to one-third of its population,\u201d she added.<\/p>\n
The project will also provide training to personnel for a successful vaccination program, and strengthen the capacity of the Directorate General of Drug Administration (DGDA) for testing vaccines in the country.<\/p>\n
The financing will cover the cost of deployment of the vaccines acquired through the Covid-19 Vaccine Global Access Facility (Covax) for about 20% of the population.<\/p>\n
For the remaining 11% of the population, the financing will cover direct purchases of vaccines from manufacturers or through Covax, and the costs related to administering the vaccination.<\/p>\n
The government is also purchasing vaccines using its own resources, which will cover another 9% of the population.<\/p>\n
\u201cBuilding on Bangladesh\u2019s long and successful history of managing child immunization programs, the financing will play a critical role in getting those who need it most immunized against Covid-19,\u201d said Iffat Mahmud, senior operations officer at the World Bank and the task team leader for the project<\/p>\n
\u201cThe project will continue to support setting up testing laboratories and expand provision of intensive care at the district level,\u201d she added.<\/p>\n
With this additional financing, the World Bank\u2019s support to the project now stands at $600 million.<\/p>\n
In addition to this, the Asian Infrastructure and Investment Bank (AIIB) is providing $100 million for this project.<\/p>\n
The IDA credit has a 30-year term, including a five-year grace period. Bangladesh currently has the largest ongoing IDA program totaling over $13.5 billion.<\/p>\n
The World Bank was among the first development partners to support Bangladesh and has committed about $35 billion in grants, interest-free, and concessional credits to the country since its Independence.<\/p>\n
The bank is also providing technical assistance and knowledge-sharing workshops for countries in South Asia on different aspects of designing and deploying fair and equitable vaccine strategies.<\/p>\n","protected":false},"excerpt":{"rendered":"
The financing aims to help Bangladesh procure safe and effective vaccines, expand vaccine storage facilities, and distribute vaccines to 31% of the population The World Bank\u2019s Board of Executive Directors have approved $500 million in financing from the International Development Association (IDA) to help Bangladesh vaccinate 54 million people against Covid-19. The additional financing to […]<\/p>\n","protected":false},"author":1,"featured_media":1078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national"],"_links":{"self":[{"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/posts\/1077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1077"}],"version-history":[{"count":1,"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/posts\/1077\/revisions"}],"predecessor-version":[{"id":1079,"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/posts\/1077\/revisions\/1079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialherald.net\/index.php?rest_route=\/wp\/v2\/media\/1078"}],"wp:attachment":[{"href":"https:\/\/financialherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}