ADB approves USD 1.5 bn loan to India for purchasing COVID-19 vaccines

Published on : 04:58 PM Nov 25, 2021

The Asian Development Bank (ADB), in a statement, said on Thursday that it has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for procuring COVID-19 vaccines.

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.

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"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.

Also read: India, World Bank sign US$ 250 million loan pact to improve quality of learning in Andhra Pradesh Advertisement

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

PTI

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