Feb 7, 2023

Mawazo Writing Africa

Writing about the main

How the health department will use the R7.6bn World Bank loan

The Ministry of Health has welcomed the R7.6 billion loan from the World Bank which it will use to pay for Covid-19 vaccines to be procured and paid for by the government between December 2020 and June 2021 < span> “Other priority activities in response to Covid-19”.

The ministry said the financial arrangement between the World Bank and the National Treasury was “a favorable environment for other donors, multilateral development banks and UN agencies to further support immunization efforts in the country.”

She urged young people, most of whom are not against Covid -19 are vaccinated to get vaccinated.

“We urge our people, especially youth, to be vaccinated in large numbers and also receive booster doses to maintain their immunity to improve against the current and future variants of the concern as the country draws closer to Bevö achieve immune immunity. The vaccine remains the best weapon against Covid-19 and we cannot afford to vaccinate.

“This battle cannot be won until adolescents and young people remain unvaccinated and remain at increased risk of mortality and morbidity with HIV infection, substance abuse, complications associated with teenage pregnancy, and other preventable and treatable health problems,” the department said.

TheWorld Bank and the Treasury announced last week that they had reached a financial agreement to strengthen SA’s Covid-19 program and healthcare system.

The loan was made in response to a government request for assistance with the Funding granted for vaccine procurement contracts will help “provide the fiscal space needed to strengthen the health system and ensure financial and institutional support sustainability is required”.

The Acting Director General of the National Ministry of Finance, Ismail Momoniat, welcomed the loan.

“The loan is part of the effort government to reduce debt servicing costs by leveraging cheaper sources of finance through multilateral development banks, while helping the health system respond to Covid-19 through the rollout of vaccines, critical research and treatment.”

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