Categories: International

ADB launches $9 bn “APVAX” for Developing Countries

The Manila-based Asian Development Bank (ADB) has launched an initiative called, the Asia Pacific Vaccine Access Facility (APVAX), for its developing member countries. The bank has allocated USD 9 billion for APVAX.

WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

About Asia Pacific Vaccine Access Facility:

  • APVAX will play a critical role in helping our developing members meet these challenges, overcome the pandemic, and focus on economic recovery.
  • Through APVAX, the ADB will offer rapid and equitable support to its developing members, who need financing to procure vaccines as well as offer appropriate plans and knowledge to be able to safely, equitably and efficiently manage and deliver the COVID-19 vaccine.

Find More International News

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Leave a Comment
Share
Published by
Sumit Arora
5 years ago

Recent Posts

China Launches Shenzhou 23 Mission with Three Astronauts for Major Tiangong Space Station Mission

China has launched the Shenzhou 23 spacecraft and sent the three astronauts to its Tiangong…

13 hours ago

Sansad Ratna Awards 2026 Explained: Full Winners List and Why the Parliamentary Honour Matters

For the year 2026, the Sansad Ratna Awards have been announced the outstanding performance by…

13 hours ago

IPL 2026 Playoffs Explained: Qualified Teams, Final Standings, and Rajasthan Royals Qualification

As the IPL now at the climax part, final 4 teams are now officially confirmed…

13 hours ago

Lionel Messi Becomes Billionaire, Joining Cristiano Ronaldo in Historic Football Milestone

Football Icon Lionel Messi has officially enters to the billionaire club and become the only…

14 hours ago

Raghav Chadha Appointed Chairman of Rajya Sabha Committee on Petitions

Rajya Sabha MP Raghav Chadha has been appointed as the new Chairman of the Rajya…

14 hours ago

Indian Army Officer Major Abhilasha Barak Wins Prestigious UN Military Gender Advocate Award

Major Abhilasha Barak who was serving with the United Nations peacekeeping mission in Lebanon has…

15 hours ago