Covid-19: India releases 6.7 billion dollars for health and vaccines

At the heart of a second particularly deadly wave, India releases 6.7 billion dollars for the health sector and the acceleration of vaccination.

$ 6.7 billion for health

While India has exceeded the 20 million cases of Covid-19 identified and 200,000 dead, the Central Bank announced on Wednesday May 5, 2021 that $ 6.7 billion would be released. This sum is intended to finance vaccine manufacturers, and the entire health sector. to strengthen vaccination and the means to fight against the second wave and the variant.

Reserve Bank of India (RBI) Governor Shaktikanta Das explained that the $ 6.7 billion would be available in the form of loans from now until March 31, 2022. If the crisis were to drag on or worsen, Shaktikanta Das promised that “unconventional” measures would be put in place.

India’s heavy toll

The governor estimated that for the moment “ the immediate goal is to preserve human life and restore livelihoods by all possible means », Whilein 24 hours the country recorded 3,780 new deaths and 382,000 new contaminations. However, despite the rapid spread of the virus, no nationwide containment measure has been announced.

The devastating speed with which the virus affects different regions of the country must be offset by rapid and far-reaching actions, sequenced, calibrated and well-timed Explained Shaktikanta Das, to justify the government’s choice to opt for restrictive measures at the regional level.

Thus, the loans that will be granted are intended to improve access to care but also to reduce the spread of the virus. The Indian government is also counting on the acceleration of its vaccination campaign, which began in January 2021. To date, 160 million vaccines have been administered to a population of 1.3 billion people.