Bank loan

Kenya to get 14 billion shillings loan from World Bank for Covid-19 vaccines


Kenya to get 14 billion shillings loan from World Bank for Covid-19 vaccines

A Kenyan health worker administers the Oxford / AstraZeneca vaccine to colleagues to help fight the coronavirus at Kenyatta National Hospital in Nairobi on March 5, 2021. PHOTO | TO FILE

Kenya will receive a 14 billion shillings ($ 130 million) loan to bolster its Covid-19 vaccination plan, thereby expanding the funding obligation with the international lender.

The World Bank on Tuesday approved funds that will allow the country to procure more vaccines and expand its immunization exercise nationwide.

This is the second fund the country will receive for the fight against the coronavirus under the Covid-19 Emergency Response Project, among other budget support loans that Kenya obtained after the pandemic.

“This additional funding comes at a critical time when the Government of Kenya is making a concerted effort to contain the increase in cases of Covid-19 infections and accelerate the deployment of vaccines to a wider population,” said Keith Hansen, World Bank Country Director for Kenya. .

“The initial funding for the acquisition of Covid-19 vaccines will allow the government to expand access to more Kenyans for free. “

In April last year, the World Bank approved 5.36 billion shillings ($ 50 million) after the start of the pandemic to conduct Covid-19 tests, isolation and quarantine centers, and the ‘purchase of personal protective equipment for health workers. The governor

In March, Kenya returned to the global lender seeking a loan of 10 billion shillings to help buy Covid-19 vaccines following a funding gap.

“With the $ 10 million (1 billion shillings) triggered under the emergency response component of the Transforming Health Systems for Universal Care project, the World Bank’s contributions to Kenya’s response to the Covid-19 total $ 246 million (24.5 billion shillings), ” World Bank said.