WASHINGTON, United States (CMC)\u2014 The Inter-American Development Bank (IDB)\u00a0announced on Wednesday that it will mobilise US$1billion to help Latin American and Caribbean countries acquire and distribute COVID-19 vaccines.<\/p>\n
The Washington-based financial institution said the funds will complement US$1.2 billion in resources that the IDB has committed in 2020, as well as other funds already programmed for 2021, to help countries save lives through public-health measures, such as more effective testing and tracing, and better clinical management of COVID-19 patients.<\/p>\n
\u201cWe are expanding our support to help Latin American and Caribbean countries ensure timely access to safe and effective COVID-19 vaccines,\u201d said IDB President Mauricio Claver-Carone.<\/p>\n
\u201cThe coming months will be critical to altering the course of the pandemic and supporting the recovery of our region, which is why we are being bold and proactive,\u201d he added.<\/p>\n
Claver-Carone said the IDB will support countries in three main areas: the purchase of vaccine doses through multilateral efforts, such as the COVAX Facility;\u00a0institutional strengthening to help countries develop effective vaccine deployment mechanisms; and investment to build immunization capacity and finance operational costs.<\/p>\n
He said the IDB will work closely with other institutions, including the Pan-American Health Organization (PAHO).<\/p>\n
In addition, the IDB is reiterating its call for Latin American and Caribbean governments to redouble efforts to prepare national deployment and vaccination plans.<\/p>\n
The IDB said it \u201cstands ready to help ensure their successful implementation throughout the region.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
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