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The World Bank Approves US$150 Million to Support COVID-19 Vaccination in Ecuador
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WASHINGTON D.C., April 5, 2021 – The World Bank Board of Directors approved US$150 million in additional financing for the COVID-19 Emergency Response Project in Ecuador. This is the first World Bank- financed operation in Latin America and the Caribbean for COVID-19 vaccine procurement. The new resources will be used to purchase and distribute vaccines and to support pandemic management in the country.
Ecuador is among the most affected countries in the region. Although the entire population has been impacted by the crisis, young women and low-skilled workers are particularly vulnerable to the economic consequences of the pandemic, as many of them have lost their jobs. In 2020, the poverty rate grew by approximately 8 percentage points, representing more than 1.3 million people, and the inequality gap widened.
EcuadorUnited-statesWorld-bankDistrict-of-columbiaPan-american-health-organizationWashingtonQuitoPichinchaAmericaAmericanFrancisco-seminarioCristina-medina