Nepal and World Bank sign Rs 2.14 billion loan agreement for COVID-19 emergency response and health system preparedness – myRepublica

KATHMANDU, February 25: The government has signed an agreement for a second additional concessional loan financing of Rs 2.14 billion ($18 million) with the World Bank (WB). The agreement was signed today by Finance Secretary Madhu Kumar Marasini and World Bank Country Director Faris Hadad-Zervos on behalf of their respective parties under a program at the Ministry of Finance.

As indicated by the ministry, the loan is for the COVID-19 Emergency Response and Health Systems Preparedness Project (CERHSP). He hopes that the use of the loan assistance on offer will further facilitate the expansion of the government’s comprehensive COVID-19 vaccination campaign and help procure safe and effective vaccines for the over age group. five years.

“Nepal has responded quickly to the ever-changing environment triggered by the pandemic. It has recorded impressive gains in both COVID-19 primary vaccination for all populations: 12 years and older as well as booster doses for its most vulnerable populations. This second additional funding will help Nepal scale up its immunization efforts to cover its child population as well,” Marasini said on the occasion.

According to the ministry, the proposed second additional concessional loan financing and the CERHSP project share a common goal of preventing, detecting and responding to the threat posed by COVID-19 and strengthening public health preparedness systems in the country. The CERHSP project and its complementary funding will continue to be implemented under the leadership of the Ministry of Health and Population by the Directorate of Health Services and the associated institutional structures.

“I am very pleased that the World Bank, as part of its continued partnership with Nepal, and through this additional funding, is making safe and effective vaccines available to a greater proportion of the population. This is very critical because new variants of the coronavirus continue to pose a threat to people’s safety and livelihoods and strain public health systems,” responded the World Bank Country Director.

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