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The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative the Asia Pacific Vaccine Access Facility (APVAX) offering rapid and equitable support to its developing members as they procure and deliver effective and safe coronavirus disease (COVID-19) vaccines.
“As ADB’s developing members prepare to vaccinate their people as soon as possible, they need financing to procure vaccines as well as appropriate plans and knowledge to be able to safely, equitably, and efficiently manage the vaccination process,” said ADB President Masatsugu Asakawa. “APVAX will play a critical role in helping our developing members meet these challenges, overcome the pandemic, and focus on economic recovery.”
The statement was
given after the official and
Indonesian Minister of State-Owned Enterprises Erick
Thohir visited the UAE on December 7 and 8.
During the working
trip, they met with Abu Dhabi’s Crown Prince and Deputy Supreme Commander of
the UAE Armed Forces Mohammed bin Zayed Al Nahyan, Saudi Arabia’s Investment
Minister Khalid al-Falih, and Saudi Arabia’s Finance Minister Ibrahim Abdulaziz
Al-Assaf.
The visit aimed at
strengthening strategic relations in the field of investment and economics,
especially after the pandemic.
The Indonesian side hoped
to see the participation of UAE and Saudi Arabia in Indonesia’s sovereign wealth
fund and government projects, including investments in the establishment of Sharia
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ADB provides $9 bn for COVID-19 vaccine distribution dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.