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New financing agreement to boost South Africa’s COVID-19 vaccination program and health system - P4H Network

New financing agreement to boost South Africa’s COVID-19 vaccination program and health system

On 13 June, 2022, the World Bank Group approved a 454.4 million euro (ZAR 7.6 billion or $480 million) loan for South Africa’s COVID-19 Emergency Response Project. South Africa  implemented a robust vaccination program and as of June 13, 2022, over 36.4 million doses have been administered. However, there is still more the country can do to increase vaccine coverage, curb the spread of the virus, and boost the its economic recovery. This loan specifically, will retroactively finance the procurement of extra 47 million COVID-19 vaccine doses by the government. One of the main goals of COVID-19 Emergency Response Project besides ensuring universal vaccination is to provide socio-economic protection to the poor and vulnerable from the adverse impacts of the COVID-19 pandemic. This is being done through the South Africa COVID-19 Response Development Policy Operation.

 

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Reference
13 Jun 2022