World Bank allocates $150 M to Ukraine for fight against COVID-19 and vaccination

World Bank allocates $150 M to Ukraine for fight against COVID-19 and vaccination

Ukrinform
The World Bank approved $150 million for the Ukraine Emergency COVID-19 Response and Vaccination Project.

“The World Bank’s Board of Executive Directors approved today $150 million in Additional Financing for the Ukraine Emergency COVID-19 Response and Vaccination Project. These funds will help prevent, detect and respond to the threats posed by COVID-19 and strengthen Ukraine’s national public health system,” reads the press release published by the World Bank on December 10.

As noted, about $120 million of the additional financing will help the Government of Ukraine purchase 16.5 million doses of vaccines, enough to vaccinate about 20 percent of the population. The procurement of these vaccine doses will also help ensure that 10 million individuals from priority population groups are able to receive full COVID-19 vaccination.

The remaining $30 million will finance IT, communications and public outreach, capacity building, as well as cold chain and waste management equipment to strengthen vaccine deployment.

Read also: Ukraine gets EUR 50M loan from EIB to buy COVID-19 vaccines

Prior to this, the World Bank provided Ukraine with $155 million to support the health sector’s pandemic response, through both the Emergency COVID-19 Response and Vaccination Project and the Serving People, Improving Health Project. Since the beginning of the pandemic, the World Bank has provided Ukraine with a total of $1.8 billion in budget support and investment projects.

Since Ukraine joined the World Bank in 1992, the Bank’s commitments to the country have totaled more than $14 billion in about 80 projects and programs.

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