World Bank approves 500 million USD to support Turkey to buy COVID-19 vaccine
Vaccination against COVID-19 at Acibadem hospital in Istanbul, Turkey. (Artwork: AP)
World Bank said that the support amount has a term of 10.5 years with a grace period of 5 years, used to ensure access to COVID-19 vaccine safe and effective in Turkey.
According to the World Bank, $250 million will be provided as co-financing from the Asian Infrastructure Investment Bank (AIIB), adding that the project is intended to help meet the cost of a COVID vaccine. -19.
“This project will allow the Turkish Government to refocus its financial capacity on activities and reforms that may be negatively impacted during the pandemic,” World Bank Task Force Leader Nadwa said. Rafeh said in the press release.
The World Bank previously approved $100 million in funding for Turkey in April 2020.
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