Thursday, 09 December 2021 05:12 GMT

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


(MENAFN- Kashmir Observer)

File Pic

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.

MENAFN25112021000215011059ID1103249748


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.