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Wednesday October 20th, 2021
Economy

Sri Lanka seeks 100mn US supplementary loan from World Bank for COVID-19

ECONOMYNEXT – Sri Lanka plans to obtain a supplementary loan of 100 million US dollars from the World Bank for a COVID-19 emergency response and for the purchase 14 million doses of the Pfizer-BioNTech vaccine, co-cabinet spokesman Ramesh Pathirana said.

The cabinet of ministers have approved a proposal to obtain the supplementary loan, said Pathirana, to facilitate a strategic response to the epidemic.

The World Bank has agreed to grant the loan, a cabinet release said.

The national task force for the management of COVID-19 has decided to widen the fundamental target of vaccinating 60% of the Sri Lanka population, the state minister added.

“It has been planned to procure 14 million dozes of Pfizer vaccines as well as financing other costs pertaining to vaccination,” the cabinet release said.

Related: Sri Lanka orders 14 million doses of Pfizer-BioNTech for under-20s and booster shot

(Colombo/Sep22/2021)

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