ADB approves loan to support COVID-19 vaccine rollout in Mon

ADB approves loan to support COVID-19 vaccine rollout in Mongolia - World News


2021-05-28 10:05:43 GMT2021-05-28 18:05:43(Beijing Time) Xinhua English
MANILA, May 28 (Xinhua) -- The Asian Development Bank (ADB) approved on Friday a loan package of 19 million U.S. dollars for Mongolia to purchase vaccines against COVID-19.
The Manila-based bank said the project is part of ADB's Asia Pacific Vaccine Access Facility (APVAX) launched in December 2020 to offer rapid and equitable vaccine-related support to ADB's developing members.
ADB President Masatsugu Asakawa said the project under APVAX "will provide the government of Mongolia with immediate and flexible financing to vaccinate priority populations, especially those at highest risk from infection, to reduce the impacts of the disease and help put the country on a path to sustained recovery."

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