ECONOMYNEXT – Washington-based World Bank said it had approved an 80.5 million US dollar credit to finance Sri Lanka’s battle against Coronavirus on top of 217.5 million dollars approved in April 2020.
“This new financing will help purchase vaccines to cover approximately 4 million people (18 percent of Sri Lanka’s population),” the World Bank said.
“In addition, it will cover the costs of deploying safe and effective vaccines to 20 percent of Sri Lanka’s population to meet the target of vaccinating at least 60 percent of its population.”
The World Bank said it had also re-directed parts of existing project loans to help finance pandemic related spending.
“Sri Lanka has demonstrated resilience in the implementation of its test, trace and treat pandemic management strategy, which has relied on its well-established public healthcare system,” said Faris. H. Hadad-Zervos, World Bank Country Director for Maldives, Nepal and Sri Lanka.
“To recover from the pandemic-induced impacts, Sri Lanka needs sustainable financing mechanisms to further strengthen and equip its healthcare system to protect its population through improved vaccination programs and curative and preventive healthcare.”
World Bank said it had also approved 688 million dollars for Afghanistan, Bangladesh and Nepal to support their COVID-19 vaccination efforts. (Colombo/Apri28/2021)