News

World Bank approves 90 mn in pandemic aid for Iran

January 8, 2022 04:36 PM


Twitter Share Facebook Share WhatsApp Share

The World Bank has approved $90 million in additional financing for Iran, to help fight against the Covid-19 pandemic, a spokesperson said Friday.

The Washington-based development lender's board of directors approved the aid on December 21, a World Bank spokesperson said, which "will be utilized only for procuring additional lifesaving, essential medical equipment to strengthen Iran's pandemic response."

"This funding will not go to the Iranian budget and all loan proceeds, as well as procurement and disbursements, are being managed by the World Health Organization," the spokesperson said.

The World Bank had in May 2020 extended Tehran $50 million via the Iran Covid-19 Emergency Response Project, which the spokesperson said was carried out "on an exceptional basis" due to the pandemic.

The spokesperson called Iran "the epicenter of Covid-19 infections in the region" and said quelling the virus there would benefit its neighbors, particularly as the Omicron variant threatens to cause a new wave of cases.

"World Bank support for Iran's Covid-19 response will help mitigate the ongoing humanitarian crisis in the country as well as limit the spread of the disease beyond its borders," the spokesperson said.

Iran has suffered nearly 132,000 deaths from Covid-19 and more than 6.2 million cases, according to data from Johns Hopkins University.

The World Bank spokesperson noted that "distribution and installation of equipment will take place at health facilities approved by the World Bank and will be subject to independent monitoring and verification."



Most Read

  1. Aroob Jatoi breaks silence on viral deep fake video Aroob Jatoi breaks silence on viral deep fake video
  2. Ducky Bhai pledges million-rupee reward for unveiling source of deepfake video of his wife Ducky Bhai pledges million-rupee reward for unveiling source of deepfake video of his wife
  3. Punjab governor appoints Lt Gen (retd) Abdul Aziz as PPSC Chairman Punjab governor appoints Lt Gen (retd) Abdul Aziz as PPSC Chairman
  4. Reason behind Shruti Haasan and Santanu Hazarika's separation after 4 years Reason behind Shruti Haasan and Santanu Hazarika's separation after 4 years
  5. Life is too short for leaks, Yashma Gill’s latest video ignites criticism Life is too short for leaks, Yashma Gill’s latest video ignites criticism
  6. Why Arijit Singh publicly apologized to Mahira Khan during his concert Why Arijit Singh publicly apologized to Mahira Khan during his concert

Opinion

  1. PM Shehbaz Sharif, WEF and Pakistan
    PM Shehbaz Sharif, WEF and Pakistan

    By Naveed Aman Khan

  2. Employing global best practices in Pakistan-Saudi ties
    Employing global best practices in Pakistan-Saudi ties

    By Nasim Zehra

  3. PML-N smashed PTI in by-polls
    PML-N smashed PTI in by-polls

    By News Desk

  4. Riding the Digital Wave: How Technology is Rewriting the Script of Economic Prosperity
    Riding the Digital Wave: How Technology is Rewriting the Script of Economic Prosperity

    By News Desk

  5. Tax on solar energy: Govt's misplaced priorities favour powerful stakeholders over people welfare  
    Tax on solar energy: Govt's misplaced priorities favour powerful stakeholders over people welfare  

    By Manzoor Qadir

  6. Legacy of Indian military subjugation in Kashmir
    Legacy of Indian military subjugation in Kashmir

    By Dr Ghulam Nabi Fai