IADB sets aside $1bn for vaccines as LatAm faces distribution challenge

Mauricio Claver Carone, IADB, Donald Trump, LatAm, Inter American Development Bank, 575
By Oliver West
17 Dec 2020

The Inter-American Development Bank (IADB) said on Wednesday that it would mobilise $1bn of resources to support Latin American and Caribbean countries in their efforts to acquire and distribute Covid-19 vaccines, as analysts warn most of the economic benefits from vaccinations may only reach Latin America in the second half of 2021.

Support from the IADB will come in three main areas: purchasing vaccine doses; strengthening institutions to help develop deployment mechanisms; and investment in building immunisation capacity and operational costs. The Washington DC-based development bank said that the $1bn would be complementary to the $1.2bn of resources that it ...

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