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Published 2 years ago

India applies for $2bn loan from AIIB, ADB for Covid vaccine purchase

Summary by Hindustan Times

The Beijing-based Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB) in Manila are expected to soon process India’s loan request, which will be used to purchase 667 million Covid-19 jabs to vaccinate at least 317 million people in 19 states across the country.

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ADB, AIIB processing $2 billion loan for India to buy COVID-19 vaccines

Of the USD 2 billion loan, the Manila-based ADB is expected to finance USD 1.5 billion and AIIB is considering providing USD 500 million, AIIB's Vice President D.J. Pandian said here on Tuesday. "The ADB has agreed to finance USD 1.5 billion and AIIB will supplement with another USD 500 million," Pandian said.

2 years ago·India

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India applies for ADB, AIIB loans to procure 667 million doses of COVID-19 vaccines

ADB is expected to lend $1.5 billion, and the AIIB about $500 million, under the APVAX initiative

2 years ago·India

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Hindustan Times

India applies for $2bn loan from AIIB, ADB for Covid vaccine purchase

The Beijing-based Asian Infrastructure Investment Bank (AIIB) and the Asian Development Bank (ADB) in Manila are expected to soon process India’s loan request, which will be used to purchase 667 million Covid-19 jabs to vaccinate at least 317 million people in 19 states across the country.

2 years ago·New Delhi, India

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Leaning Left1Leaning Right1Center1Last Updated2 years agoBias Distribution

33% Left, 33% Center, 33% Right

Bias Distribution

33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right

34% Center

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