Asian Development Bank Approves USD 1.5 Billion Loan to India for Purchasing Covid-19 Vaccines

The Asian Development Bank has accepted a USD 1.5 billion (round Rs 11,185 crore) mortgage to India for COVID-19 vaccine procurement. “ADB at the moment accepted a USD 1.5 billion mortgage to assist the Government of India buy protected and efficient vaccines towards the coronavirus illness (COVID-19),” ADB stated in a press release on Thursday.

The Asian Infrastructure Investment Bank is anticipated to co-finance a further USD 500 million for the venture, it stated.

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