World Bank to provide $80.5 million to support SL’s vaccination drive
In a statement released yesterday (27), the World Bank has confirmed that $80.5 million in additional financing has been approved in an effort to strengthen Sri Lanka’s vaccination system and pandemic response.
This additional financing builds on the $217.56 million Sri Lanka COVID-19 Emergency Response and Pandemic Preparedness Project, which was approved in April 2020.
The $80.5 million in financing will help purchase vaccines to cover approximately 4 million people (18 percent of Sri Lanka’s population). In addition, it will cover the costs of deploying safe and effective vaccines to 20 percent of Sri Lanka’s population to meet the target of vaccinating at least 60 percent of its population.
“Sri Lanka has demonstrated resilience in the implementation of its test, trace and treat pandemic management strategy, which has relied on its well-established public healthcare system,” said Faris. H. Hadad-Zervos, World Bank Country Director for Maldives, Nepal and Sri Lanka.
The Country Director also highlighted that in order for Sri Lanka to recover from the pandemic-induced impacts, the country needs sustainable financing mechanisms to further strengthen and equip its healthcare system to protect its population through improved vaccination programs and curative and preventive healthcare.