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Sri Lanka to get US$150mn Coronavirus vaccine loan from ADB

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Sri Lanka’s cabinet of ministers had cleared the borrowing of 150 million US dollars from Manila-based Asian Development Bank to buy vaccines and boost refrigeration and transport facilities, the state information office said.

The Sri Lanka government was also expected to contribute 11.85 million to the project taking the total cost of a Responsive Covid-19 vaccines for Recovery Project to 161.85 million dollars.

ADB’s Ordinary Capital Resources Fund would give 66 million US dollars and the 84 million dollars would come from the Asia Pacific Vaccine Access Facility.

The money will be used to cover cost of the vaccination, vaccine-related monitoring systems, refrigerated transport facility and improving clinical waste management

Some vaccines require ultra-cold freezers operating around -50 or -70 centigrade for storage.

Source EconomyNext
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