Watch: Why Does the Modi Government Need a Loan for COVID Vaccines?

Name: Watch: Why Does the Modi Government Need a Loan for COVID Vaccines? - The Wire
Uploaded: 2021-11-10T22:45:47+05:30
Channel: The Wire
Description: India has applied for a $2 billion loan from the Asian Infrastructure Investment Bank and the Asian Development to purchase around 700 million doses of vaccines.

India has applied for a $2 billion loan from the Asian Infrastructure Investment Bank and the Asian Development to purchase around 700 million doses of vaccines.

Sumit Mishra

India has applied for a $2 billion loan from the Asian Infrastructure Investment Bank and the Asian Development to purchase around 700 million doses of vaccines.

watch why does the modi government need a loan for covid vaccines

On October 21, India administered the one billionth COVID-19 vaccine doses. But, the question is, why does the Modi government need a vaccine loan?

India has applied for a $2 billion loan from the Asian Infrastructure Investment Bank (AIIB) and the Asian Development (ADB) to purchase around 700 million doses of COVID-19 vaccines. According to news agency PTI, the Manila-based ADB is expected to finance $1.5 billion of the loan and AIIB is considering providing $500 million.

Here's an explainer by The Wire's Sumit Mishra.

This article went live on November tenth, two thousand twenty one, at forty-five minutes past ten at night.

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