Bangladesh receives over $1b COVID-19 response WB financing

​The government signed three financing agreements totalling $1.04 billion with the World Bank to respond to the COVID-19 pandemic and to build resilience to future crises, including vaccination against COVID-19, expand electronic procurement and accelerate economic recovery.

Economic Relations Division secretary Fatima Yasmin and World Bank country director for Bangladesh and Bhutan signed the agreements.

The $500 million additional financing to the COVID-19 Emergency Response and Pandemic Preparedness Project will help Bangladesh vaccinate about 54 million people against COVID-19, according to a press release issued on Wednesday by WB Dhaka office.

‘It will help the government procure vaccines; expand storage facilities; and distribute and deploy the vaccines,’ it said.

The project will also continue to provide support to strengthen the national health systems to detect, prevent, and treat COVID-19 cases as well for preparedness for future health emergencies, it added.

Source: ​newagebd