Although polio has been successfully reduced by 99 percent worldwide over the past 20 years, Pakistan is one of four countries where polio transmission has never been stopped. Japan has been a long-standing donor to polio eradication and has funded initiatives and broader immunization in Pakistan since 1996. The Japan International Cooperation Agency will provide a 4.9 billion JPY (approximately $65 million) ODA Loan to the government of Pakistan which can help ensure that polio eradication activities in Pakistan are financed through 2013. The loan is underpinned by an innovative financing approach referred to as a "Loan Conversion" mechanism. According to this model, the Bill and Melinda Gates Foundation will repay the credit to JICA on behalf of the Pakistani government if the project is successfully implemented. The aim of this mechanism is to support the government of Pakistan's commitment to polio eradication without imposing a financial burden.
Japan's ODA loan will provide the country with funds for oral polio vaccine, immunization workers, and vaccination activities across the country and along the Pakistan/Afghanistan border. It will also involve working in partnership with stakeholders such as the World Bank for co-financing as well as the United Nations Children's Fund (UNICEF) for vaccine procurement and the World Health Organization (WHO) for service delivery of the polio campaign.
|Value||USD 65 Million|