$150 Million Against the Coronavirus in Ukraine

by Meifan Honcharuk
Tuesday, December 14, 2021
$150 Million Against the Coronavirus in Ukraine

The World Bank officially announced financial support to Ukraine under the program Emergency response to Covid-19 and vaccination

The World Bank allocated a tranche to Ukraine to fight the world’s pandemic. The amount allocated is $150 million.

 Within the program’s framework mentioned above, all allocated money should be spent identifying and preventing the threat of mass infection of Ukrainians. Financial assistance should also help to strengthen the Ukrainian healthcare system.

The plans are to dispose of the investment as follows:

  • $120 million will be spent on vaccines. This sum will allow buying 16.5 million vaccines. These are doses for only 20% of Ukrainians. However, the purchase will enable complete vaccination to the most at risk of virus exposure.
  • The remaining $30 million will go to the vaccination company. This amount is to be spent on public relations and investing-in-ukraine/business-opportunities/it/" rel="dofollow">information technology and the purchase of special equipment. Such as waste management equipment.

 "New additional funding will help Ukraine strengthen further measures to counteract Covid-19 and acceleration vaccination. The vaccination rate in Ukraine is still one of the lowest in Europe. It’s the reason why there are so many losses in human lives as well as economic losses, especially with the advent of new versions of the virus," said Arup Banerdzhi, regional director of Eastern Europe of the World Bank.

With this support, the country has a better chance of resisting new strains. That means that Ukrainians will be able to receive proper medical care and if desired, World Bank assistance in the form of vaccines.

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