1.1923946

Saudi King Abdullah has donated $35 million to the Islamic Development Bank (IDB) to support its Ebola fighting program, funding equipment and specialized treatment centers in four West African countries.

Under the grant, the Jeddah-based IDB will setup treatment centers in countries where Ebola is endemic, Sierra Leone, Guinea and Liberia, as well as Mali where some cases have appeared, the IDB said in a statement on Thursday.

Separately, the GAVI global vaccines alliance is committing up to $300 million to buy Ebola vaccines, two weeks after it raised $500 million from an Islamic bond.

The deal, raised through the International Finance Facility for Immunization Co, is the largest Islamic bond ever issued by a global non-profit organization, part of a trend to use bond markets to fund ethical projects.

GAVI, which is funded by governments and the Bill & Melinda Gates Foundation, said in a statement on Thursday it was ready to begin procurement as soon as the World Health Organization recommended a vaccine for use.

GAVI said it would meet funding needs of the Ebola vaccine program using a combination of existing and new financing.


Source : Reuters

Share Button

Post Your Comments >>

DISCLAIMER

The views expressed in comments published on GhanaFilla.net are those of the comment writers alone. They do not represent the views or opinions of GhanaFilla or its staff, nor do they represent the views of any entity affiliated with GhanaFilla. Comments are automatically posted; however, GhanaFilla reserves the right to take any comment down at any time. Please report any inapropriate or abusive comments to us so we can take them down.