Islamic Development Bank to Provide $60 Million to Pakistan for Polio Vaccine
Islamic Development Bank (IsDB) will provide financing of $60 million to Pakistan for the polio vaccine, including a $21 million ‘Lives and Livelihood Fund (LLF)’ grant.
Economic Affairs Division, on behalf of the government of Pakistan, signed a 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 the IsDB. These funds will be utilized for polio vaccination.
Noor Ahmed, Secretary Economic Affairs Division, appreciated IsDB’s support to Pakistan for Polio Eradication Program (2019-2021). He said, “Today, we celebrate the long-standing partnership with the Islamic Development Bank. Over the years, we have received consistent support from the bank to keep up the fight for a polio-free Pakistan. We also thank partners of Lives & Livelihood Fund (LLF) for allocation of grant for this cause.”