April 7, 2021
The World Bank has approved $150 million in additional financing for Ecuador to buy and distribute COVID-19 vaccines, the Washington DC-based multilateral lender said in a press release.
"This is the first World Bank-financed operation in Latin America and the Caribbean for COVID-19 vaccine procurement," the bank added.
The Ecuadorian government plans to use the money to buy vaccines to immunize around 30% of the population and purchase more personal protective equipment for healthcare workers,
US-based multilateral lender approves $150 mln in financing in its first deal for COVID-19 shots in Latin America and the Caribbean