IADB mobilizes $1bn for Caribbean, LatAm COVID-19 vaccine financing
The Inter-American Development Bank has announced plans to mobilize $1 billion to help Latin American and Caribbean countries acquire and distribute COVID-19 vaccines.
The funds will complement $1.2 billion in resources that the IADB 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.
The IA DB will support countries in three main areas: the purchase of vaccine doses through multilateral efforts, such as the COVAX Facility; institutional strengthening to help countries develop effective vaccine deployment mechanisms; and investment to build immunization capacity and finance operational costs.
