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Co-financed by the World Bank, the funds aimed to allow the government to expand its containment efforts and strengthen the health system to manage future outbreaks as well.
“Building a resilient healthcare system that can effectively treat patients with COVID-19 and prevent its spread is the immediate priority. This funding will address this need and strengthen India’s ability to effectively manage future disease outbreaks, “said AIIB Vice President of Investment Operations DJ Pandian.
India’s COVID-19 Health Systems and Emergency Response Preparedness Project comprised six components. In addition to the stated objectives, it will also support research in collaboration with the Indian Council for Medical Research (ICMR) and community engagement and risk communication strategies.
Thanking AIIB for their support, Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, said: “AIIB’s assistance will help the Government to strengthen pandemic research and national multi-sectoral institutions and platforms, community engagement and risk communication. ; and management of implementation, capacity development, monitoring and evaluation of the COVID-19 response program. ”
On April 17, AIIB had doubled its initial COVID-19 Crisis Recovery Fund to $ 10 billion from $ 5 billion previously, making funds available to its members for urgent economic, financial and public health pressures and a quick recovery from the crisis.
Previously, the AIIB board of directors approved $ 355 million in funding for China as part of an emergency health project.
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