ADB Approves USD 1.5 Bn Loan To India For Purchasing Covid-1...| MENAFN.COM

Wednesday, 26 January 2022 04:43 GMT

ADB Approves USD 1.5 Bn Loan To India For Purchasing Covid-19 Vaccines

(MENAFN- Kashmir Observer)

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New Delhi- The Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement.

'ADB today approved a USD 1.5 billion loan to help the Government of India purchase safe and effective vaccines against the coronavirus disease (COVID-19),' ADB said in a statement on Thursday.

The Asian Infrastructure Investment Bank is expected to co-finance an additional USD 500 million for the project, it said.


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