ADB to provide Rs. 19.58 billion grant for procurement of COVID vaccine

The government of Nepal and the Asian Development Bank (ADB) have reached an agreement under which ADB will provide a concessional loan worth Rs19.58 billion to Nepal for the procurement of COVID vaccine.

ADB Country Representative

Arno Koshua and Finance Minister Madhu Kumar Marasini signed the agreement on Wednesday at an event organized by the Ministry of Finance. It is hoped that the assistance will be used to procure 15 million doses of COVID vaccine for a nationwide vaccination campaign. As a result of the support, 6.8 million people will be vaccinated.

On this occasion, Secretary of State Malasini believes that ADB’s assistance will be a milestone in providing vaccines to Nepalis, thus ensuring their safety and allowing the country’s economy to recover. According to him, vaccination is a top priority for the government.

Similarly, ADB Country Director Koshuya expressed confidence that ADB’s assistance to Nepal in this need will help Nepalis save lives and resume economic and social activities. He assured to continue such assistance to Nepal in the coming days.