ADB approves $450 mln loan for Indonesia COVID-19 vaccinations

by Reuters
Wednesday, 31 March 2021 06:45 GMT

JAKARTA, March 31 (Reuters) - The Asian Development Bank (ADB) has approved a $450 million loan to Indonesia to help the country's state firm Bio Farma to procure and distribute COVID-19 vaccines, the Manila-based lender said in a statement.

The loan will fund the purchase of at least 65 million doses of COVID-19 vaccines for priority groups determined by the Indonesian government, the bank said, adding that it was part of its $9 billion Asia Pacific Access Facility programme for developing members. (Reporting by Gayatri Suroyo and Tabita Diela; Editing by Martin Petty)

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