Islamic Development Bank (IsDB) will provide financing of $60 million toPakistan for the polio vaccine, including a $21 million ‘Lives andLivelihood Fund (LLF)’ grant.
Economic Affairs Division, on behalf of the government of Pakistan, signeda financing agreement with the representative of IsDB for the financing of$60 million.
This amount comprises a $39 million loan and a $21 million LLF grant by theIsDB. These funds will be utilized for polio vaccination.
Noor Ahmed, Secretary Economic Affairs Division, appreciated IsDB’s supportto Pakistan for Polio Eradication Program (2019-2021). He said, “Today, wecelebrate the long-standing partnership with the Islamic Development Bank.Over the years, we have received consistent support from the bank to keepup the fight for a polio-free Pakistan. We also thank partners of Lives &Livelihood Fund (LLF) for allocation of grant for this cause.”——————————
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During the three phases (2013 – 2021), IsDB provided $487 million infinancing to Pakistan for Polio Eradication Program. This financing hasbeen utilized to strengthen vaccination operations, surveillance, and theprocurement of vaccines, social mobilization, and communications.
The program implements high-quality vaccination campaigns that aim to reachout to children across Pakistan. These campaigns are implemented by morethan 260,000 frontline health workers.
IsDB representative underlined the importance of polio vaccination toachieve the target of a polio-free country. He assured continued support ofthe bank for this cause by saying that IsDB leadership is committed tosupporting the vulnerable populations of the member countries from thepandemic and other fatal diseases.
