ADB launches $9 bn “APVAX” for Developing Countries

The Manila-based Asian Development Bank (ADB) has launched an initiative known as, the Asia Pacific Vaccine Access Facility (APVAX), for its creating member nations. The financial institution has allotted USD 9 billion for APVAX.

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About Asia Pacific Vaccine Access Facility:

  • APVAX will play a vital position in serving to our creating members meet these challenges, overcome the pandemic, and concentrate on financial restoration.
  • Through APVAX, the ADB will supply speedy and equitable help to its creating members, who want financing to obtain vaccines in addition to supply acceptable plans and data to have the ability to safely, equitably and effectively handle and ship the COVID-19 vaccine. 

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