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ADB begins $9 bn Asia Pacific Vaccine Access Facility (APVAX)

ADB begins $9 bn Asia Pacific Vaccine Access Facility (APVAX)

Asian Development Bank (ADB) has made an announcement to begin an initiative named Asia Pacific Vaccine Access Facility (APVAX). APVAX initiative will be for developing countries and who are members of ADB.

  • As per APVAX. ADB is going to provide rapid and equitable support with the member’s nations who are looking to buy vaccines and APVAX will also provide appropriate plans and knowledge, COVID-19 vaccine delivery.
  • ADB has announced 9 billion US Dollars amount for APVAX initiative.

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Asian Development Bank

Headquarters – Mandaluyong
President – Masatsugu Asakawa
Founded – 19 December 1966
Membership – 68 countries

Related Questions

Q.1 How much amount ADB has announced for Asia Pacific Vaccine Access Facility?

ADB has announced 9 billion US Dollars amount for APVAX initiative.

Q.2 Where is the Headquarters of the Asian Development Bank?

Headquarters of ADB is located in Mandaluyong, Philippines.

Q.3 Why APVAX initiative begins by ADB?

APVAX initiative will be for developing countries and who are members of ADB to provide rapid and equitable support.


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