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ADB sets up $9bn coronavirus vaccine fund

Asia Pacific Vaccine Access Facility extends lifeline to COVID-hit economies

The Asian Development Bank has launched a $9-billion coronavirus vaccine fund for member economies in a bid to rejuvenate growth devastated by the pandemic. (Souce photos by AP/AFP/Jiji) 

MANILA -- The Asian Development Bank on Friday launched a $9-billion coronavirus vaccine fund for member economies, many of which have been ravaged by the pandemic.

Called Asia Pacific Vaccine Access Facility, the bank said that the initiative offers rapid and equitable support to its developing members as they procure and deliver COVID-19 vaccines, which are crucial for economic recovery.

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