The Government of Sri Lanka is planning to borrow two loans amounting to $ 150 million from the Asian Development Bank (ADB) to implement the “Responsive Covid-19 Vaccines for Recovery (RECOVER) Project”.
The proposed total financial assistance from ADB is $ 84 million under Asia Pacific Vaccine Access Facility (APVAX) and $ 66 million from the regular country allocation. The loan funds will be used to meet the cost of vaccines and also for several other associated activities including establishment of vaccine related monitoring systems, providing cold chain related transport facilities and strengthening medical waste management. The total project cost is estimated as $ 161.85 million, out of which $ 11.85 million has been agreed to be borne by the Government.
The expected project impact is to enhance the resilience and responsiveness of the health system to curtail the Covid-19 virus spread, reduce morbidity and mortality, and the negative health, social and economic effects of the Covid-19 pandemic in Sri Lanka. The project will be implemented targeting the entire country across all 9 provinces with a special focus on protecting geographically, socially, and economically deprived populations from Covid-19 and its effects. The project is scheduled to be completed by 30 June, 2024.
The relevant Loan Agreements for the Responsive Covid-19 Vaccines for Recovery (RECOVER) Project, amounting to $ 150 million were signed by Ministry of Finance Secretary S.R. Attygalle, and ADB Resident Mission Country Director Chen Chen, on 9 July 2021 on behalf of the Government of Sri Lanka and ADB respectively.
ADB provides $ 150 million for responsive Covid-19 vaccines
12 Jul 2021
ADB provides $ 150 million for responsive Covid-19 vaccines
12 Jul 2021
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!