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ADB funds for the “Responsive Covid-19 Vaccines for Recovery Project”.
June 30, 2021
The government of Sri Lanka has planned to obtain a loan of US Dollars 150 million from the Asian Development Bank for theimplementation of the Responsive Covid – 19 Vaccines for Recovery Project.
It is expected to obtain US Dollars 84 million from the Asia Pacific Vaccine Access Facility and the remaining US Dollars 66 million from the Standard Local Allocation of the Ordinary Capital Resources Fund of the Asian Development Bank.
The total cost of the project is US Dollars 161.85 million and the Government of Sri Lanka will bear US Dollars 11.85 million thereof. The loan is planned to be used for a number of related activities, including cost of vaccination, installation of vaccine-related monitoring systems, providing of refrigerated transport facilities, and strengthening the clinical waste management. Accordingly, the Cabinet of Ministers approved the proposal
tabled by Prime Minister as the Minister of Finance to proceed with the relevant steps to obtain the said loan.
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