Global Statistics

All countries
135,934,258
Confirmed
Updated on April 10, 2021 5:51 pm
All countries
109,273,130
Recovered
Updated on April 10, 2021 5:51 pm
All countries
2,938,428
Deaths
Updated on April 10, 2021 5:51 pm
Saturday, April 10, 2021

Global Statistics

All countries
135,934,258
Confirmed
Updated on April 10, 2021 5:51 pm
All countries
109,273,130
Recovered
Updated on April 10, 2021 5:51 pm
All countries
2,938,428
Deaths
Updated on April 10, 2021 5:51 pm
Molderizer and Safe Shield

HSBC and Asian Development Bank join forces in $300 mln vaccine financing

US: 15 million doses of Johnson & Johnson coronavirus vaccine destroyed | Corona update|English News

While the third-world countries are struggling to get coronavirus vaccine, a factory in the US ruined nearly 15 million doses of the Johnson &...

State Health Department Reports 4,882 New Coronavirus Cases, 40 More Deaths – CBS Pittsburgh

By: KDKA-TV News Staff HARRISBURG (KDKA) — The Pennsylvania Department of Health is reporting 4,882 new Coronavirus cases and 40 additional deaths. This brings the...

NextEra, Duke, Southern retain top 3 slots in Q1 market cap ranking

NextEra Energy Inc., Duke Energy Corp. and Southern Co. retained their first-, second- and third-place spots on the list of the top 20...


LONDON, April 9 (Reuters) – HSBC and the Asian Development Bank (ADB) will provide a combined $300 million in financing to help Asia’s supply chains boost manufacturing capacity for COVID-19 vaccines, the two lenders said on Friday.

The initiative builds on a risk-sharing scheme the banks launched in July to help to fund suppliers of personal protective equipment (PPE) as they and vaccine makers race to meet global demand that outstrips supply.

By leaning on the ADB’s sovereign-level credit rating, private sector lenders such as HSBC can lend more easily to companies in the complex chain of vaccine supply production, HSBC said.

“Right now demand for vaccines far outstrips supply and one of the challenges is that supply and distribution networks have to be formed, which requires a lot of liquidity,” said Surath Sengupta, global head of financial institutions at HSBC.

The lenders will offer funds through trade loans and invoice financing among other tools, Sengupta said, as countries across Asia try to shorten the usual multi-year time scale needed to deploy large-scale inoculation programmes.

Vaccination levels in Asian countries have varied widely as governments deal with limited supplies, rapidly rising demand and political jockeying to secure doses.

Leaders of the United States, India, Australia and Japan agreed to pool financing, manufacturing and distribution capacity to send 1 billion coronavirus vaccines across Asia by the end of 2022, India’s foreign secretary said in March.

Reporting by Lawrence White Editing by David Goodman



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular

US: 15 million doses of Johnson & Johnson coronavirus vaccine destroyed | Corona update|English News

While the third-world countries are struggling to get coronavirus vaccine, a factory in the US ruined nearly 15 million doses of the Johnson &...

State Health Department Reports 4,882 New Coronavirus Cases, 40 More Deaths – CBS Pittsburgh

By: KDKA-TV News Staff HARRISBURG (KDKA) — The Pennsylvania Department of Health is reporting 4,882 new Coronavirus cases and 40 additional deaths. This brings the...

Related Articles

US: 15 million doses of Johnson & Johnson coronavirus vaccine destroyed | Corona update|English News

While the third-world countries are struggling to get coronavirus vaccine, a factory in the US ruined nearly 15 million doses of the Johnson &...

State Health Department Reports 4,882 New Coronavirus Cases, 40 More Deaths – CBS Pittsburgh

By: KDKA-TV News Staff HARRISBURG (KDKA) — The Pennsylvania Department of Health is reporting 4,882 new Coronavirus cases and 40 additional deaths. This brings the...