This additional funding is split between an International Development Association (IDA) credit of $10 million and a $5 million grant from the Health Emergency Response and Preparedness Multi-Donor Trust Fund.
Following the approval of an initial $18 million covid-19 response project in April 2020, the Lao government requested additional resources this year to expand the deployment of vaccines.
The new funds bring the total value of the project to $33 million and will be used to further finance the rollout of vaccines already pledged by the worldwide COVAX initiative and other donors.
The funds will also be used to help procure enough additional vaccines to allow Lao PDR to vaccinate 50 percent of its population.
"This additional financing comes at a crucial time, when Lao DPR is working hard to contain a new wave of covid-19 infections," said Mariam Sherman, World Bank Country Director for Cambodia, Laos and Myanmar, in a press release on Thursday.
"A swift and broad vaccination campaign is vital to the country’s economic recovery from the slowdown caused by the pandemic, and this initiative builds on the strong response we have already seen from the Lao authorities," Sherman stated.
Around $9 million of the total project financing will be allocated to vaccine procurement.
Nearly $5.5 million, including the trust fund allocation, will help ensure the safe, effective, and equitable delivery of covid-19 vaccines to target groups, as defined in the National Plan. Deployment activities will include training of health staff on vaccine delivery and security, delivery through fixed mobile and sites in remote and rural areas, and management and monitoring of the roll out.
The covid-19 response project is part of a wider health response to the pandemic, supported by various development partners under the guidance of the Ministry of Health, and complements the World Bank’s existing health initiatives, the Health Governance and Nutrition Development Project and the Health and Nutrition Services Access Project.