• ADB Gives Rs. 19.5 Billion Loan To Buy Vaccines


    Kathmandu, Aug 12: The government of Nepal signed a Rs. Agreement for a concessionary loan of 19,580 million with the Asian Development Bank (ADB) for the purchase of vaccines against COVID-19.

    Finance Secretary Madhu Kumar Marasini and ADB Nepal Country Director Arnaud Cauchois signed the agreement at a program organized at the Finance Ministry on Wednesday.

    The money will be used to purchase 15.9 million doses of COVID-19 vaccines that will benefit about 6.8 million people.

    Marasini said financial support would be critical to ensure a safe and effective vaccine for the Nepalese people. “It will help save the lives of Nepalese citizens and revive the economy,” he said, adding that vaccination programs were the government’s top priority.

    Cauchois expressed his confidence that this agreement would be useful to break the deadly cycle of COVID-19 and save people’s lives, and move towards economic and social reactivation. He also pledged to continue that support in the future.

    The government also plans to make vaccine distribution more effective and improve community participation in the campaign with new support from ADB.

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