ADB to loan India $1.5 billion for Covid-19 vaccines

The Asian Development Bank (ADB) has approved a $1.5 billion loan for Indian government to purchase Covid-19 vaccines, it said in a statement. The ADB said the loan would fund at least 667 million vaccine doses for an estimated 317 million people, adding that it also expected to co-finance an additional $500 million for vaccine procurement.

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