World Bank lends Jordan $63.75m to buy vaccines

World Bank building (Photo: Wikipedia)
World Bank building (Photo: Wikipedia)
AMMAN — The World Bank (WB) approved on June 16, 2021, $63.75 million in additional financing for the ongoing Jordan COVID-19 Emergency Response project to support the country’s efforts to promote safe, efficient, and equitable access to COVID-19 vaccines, the  bank said in a press statement emailed to Jordan News.اضافة اعلان

It will help accelerate Jordan’s progressive vaccination program which is vital for reopening the economy, schools, and hard-hit sectors, the statement said, adding that the project will support Jordan in reaching its target of vaccinating 75 percent of its adult population which will contribute to an early and resilient recovery, the statement said. 

The additional financing includes a $50 million loan from the International Bank for Reconstruction and Development (IBRD), a $12.5 million concessional amount from the Global Concessional Financing Facility (GCFF), and a $1.25 million grant from the Health Emergency Preparedness and Response Trust Fund.

“The Government of Jordan appreciates this additional financing for vaccine support which is part of the $1.1 billion in combined loans and grant financing from the World Bank and international partners recently announced to support Jordan in responding to the pandemic and promoting an early, climate-resilient, and inclusive recovery,” Nasser Shraideh, Minister of Planning and International Cooperation, was quoted in the press release as saying.

With concessional financing support from the GCFF, the project will provide inclusive and equitable access to COVID-19 vaccines for Syrian refugees. Jordan is one of the first countries in the world to include refugees as vaccine beneficiaries per the National Deployment and Vaccination Guide for COVID-19. In addition, with financial support from the HEPRTF, the project will strengthen COVID-19 case management for Syrian refugees.

“The government has accelerated its efforts and set ambitious vaccination targets for a phased and safe reopening,” Minister of Health Feras Hawari said, commenting on the assistance. “World Bank financing support will help us meet these goals.” 

According to the World Bank, Jordan remains highly vulnerable to COVID-19. By mid-June 2021, there have been over 739,000 confirmed cumulative cases, with more than 9,500 confirmed deaths. Jordan started its COVID-19 vaccination campaign on January 13, 2021. More than 2 million adults were vaccinated with the first dose, while over 800,000 adults are fully vaccinated, 33 percent and 13 percent of the eligible adult population, respectively.

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