CEB to finance purchase of COVID-19 vaccines for Kosovo

By bne IntelliNews March 21, 2021

The Council of Europe Development Bank (CEB) said on March 19 it approved a €25mn loan to Kosovo for the purchase of COVID-19 vaccines for 50% of the population.

The CEB loan will also cover the cost of the consumables associated with the roll-out of the vaccines and medical equipment.

The CEB-financed vaccines will be supplied in addition to vaccines that will arrive in Kosovo through the Gavi COVAX initiative, which will cover 20% of the country’s population.

“The new loan builds on a €35mn financing agreement signed in August 2020, which covered a part of Kosovo’s emergency healthcare costs, with a focus on hardship incentives to healthcare and pharmacy employees and the acquisition of medical equipment, supplies and consumables,” the CEB said in the statement

The vaccination process has not started yet in Kosovo.

Kosovo’s outgoing Prime Minister Avdullah Hoti said earlier this month that the country will receive the first 33,000 doses of the COVID-19 vaccines through COVAX system by the end of March.

These will be the first vaccines that will arrive in Kosovo and are part of a total of 100,800 AstraZeneca vaccines provided via COVAX.

Meanwhile, on Friday Kosovo recorded 828 new coronavirus cases, the highest so far this year, bringing country’s total cases to 80,621. The number of deaths climbed by eight to 1,744.

Related Articles

Saudi private sector secures 82% of development fund contracts worth $3bn

Saudi private companies have captured 82% of contracts signed by the Saudi Development Fund over the past three years, with a total value exceeding $3bn, according to Abdulmohsen Al-Khayyal, ... more

Construction work on $4.6bn Trans-Afghan Railway could reportedly be under way within six months

Construction work on the proposed Trans-Afghan Railway could be under way within six months, while the project could cost around $4.6bn to deliver and cut shipping transit times from Uzbekistan to ... more

Uzbekistan’s banking sector becoming more resilient, says Fitch

Uzbekistan’s banking industry is becoming more resilient, with the sector underpinned by ongoing structural reforms, stronger regulation and improving governance, ... more

Dismiss