{"id":987521999,"date":"2021-04-29T03:10:43","date_gmt":"2021-04-29T02:10:43","guid":{"rendered":"https:\/\/p4h.world\/news\/indonesias-state-owned-vaccine-supplier-bio-farma-get-loans-us450m-from-adb\/"},"modified":"2023-03-02T10:24:27","modified_gmt":"2023-03-02T09:24:27","slug":"indonesias-state-owned-vaccine-supplier-bio-farma-get-loans-us450m-from-adb","status":"publish","type":"news","link":"https:\/\/p4h.world\/en\/news\/indonesias-state-owned-vaccine-supplier-bio-farma-get-loans-us450m-from-adb\/","title":{"rendered":"Indonesia\u2019s State owned vaccine supplier, Bio Farma Get Loans US$450M from ADB"},"content":{"rendered":"

The Indonesian government recently received approval for a USD 450M<\/span> loan from the Asian Development Bank to its domestic vaccine supplier PT Bio Farma<\/span><\/a> to boost the country\u2019s COVID-19 vaccine procurement which is under considerable stress owing to global shortages and policy gaps.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

The fund is from the USD 9 billion APVAX (Asia Pacific Vaccine Access Facility) fund launched in 2020 which is essentially public money from OECD countries channeled to strengthen domestic pharma companies in the Asia Pacific. This will help in making the vaccine procurement system more sustainable, equitable, accelerating access, and aid <\/span>self-sufficiency in developing countries like Indonesia.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

The loan follows earlier funds like the USD 3 million Asia Pacific Disaster Response Fund grant (April 2020) to acquire critical medical equipment and supplies and a USD 1.5 billion COVID-19 Active Response and Expenditure (CARES) Program loan as budget support for urgent public health assistance.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

The CARES Program is co-financed by Australia\u2019s F<\/span>oreign A<\/span>ffairs and T<\/span>rade D<\/span>epartment, the Japan International Cooperation Agency, German D<\/span>evelopment C<\/span>ooperation through KfW, and the Asian Infrastructure Investment Bank.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

Read the article here<\/a> from the Insider Stories<\/a> to know more.<\/em><\/p>\n

Image credits: Metrum.co<\/a><\/em><\/p>\n

Have anything to say about Indonesia’s vaccine purchasing\/ procuring policies? Please let us know in the comments section below.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Indonesian government recently received approval for a USD 450M loan from the Asian Development Bank to its domestic vaccine supplier PT Bio Farma to boost the country\u2019s COVID-19 vaccine procurement which is under considerable stress owing to global shortages and policy gaps. The fund is from the USD 9 billion APVAX (Asia Pacific Vaccine Access Facility) fund…<\/p>\n","protected":false},"author":559,"featured_media":987530676,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[],"tags":[117,124],"acf":[],"_links":{"self":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987521999"}],"collection":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/users\/559"}],"replies":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/comments?post=987521999"}],"version-history":[{"count":0,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987521999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media\/987530676"}],"wp:attachment":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media?parent=987521999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/categories?post=987521999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/tags?post=987521999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}