Dhaka     Friday   22 January 2021

JICA to give Bangladesh 50cr US dollar for vaccine

News Desk || risingbd.com

Published: 20:03, 1 December 2020  
JICA to give Bangladesh 50cr US dollar for vaccine

The Japan International Cooperation Agency (JICA) will give Bangladesh 50crore US dollars’ loan for coronavirus vaccine collection and distribution. 

JICA will provide the money under the Development Policy Loan (DPL) for the health sector, according to the Ministry of Health and Family Welfare.

The interest rate on loans under DPL will be 0.6 percent. The loan repayment period will be 30 years and the grace period will be 10 years.

In the first step, JICA wanted to know about the current coronavirus situation in Bangladesh to release funds for vaccinating citizens of Bangladesh.

Takahashi Akito, director of JICA’s South Asia division, wrote a letter to Health Secretary Abdul Mannan. The letter asked about the latest status of coronavirus in Bangladesh by November 26. JICA has already been informed about this.

Claiming anonymity, an official of the Economic Relations Department, “We hope that as soon as the coronavirus vaccine hits the market, we will get maximum financial support from development partners to collect and distribute it across the country.”

The JICA said in the letter that the loans and grants would be provided under the DPL to procure medical facilities or equipment under the new loan facility to improve the quality of doctors and nurses in the country.


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