ADB’s Support to Enhance COVID-19 Vaccine Access

Institutional Document | December 2020

This paper proposes the establishment of the Asia Pacific Vaccine Access Facility (APVAX). It will provide a resource envelope and mechanism for support to developing member countries (DMCs) as they procure and deliver coronavirus disease (COVID-19) vaccines safely and effectively.

Following Board approval of the APVAX, the Asian Development Bank (ADB) will prepare country-specific financing proposals (or country projects) to meet the unique needs of DMCs. These financing proposals will employ fast-tracked business processes, enhancing ADB’s ability to process support faster and with lower transaction costs. The APVAX and the policy variations described in this paper are proposed for 36 months from Board approval and may be extended for up to 24 months subject to the outcome of a review and prior Board approval.

Contents 

  • Executive Summary
  • Introduction
  • Background and Constraints
  • Proposed Response: The Asia Pacific Vaccine Access Facility
  • Resource Allocations and Country Ceilings for Vaccine Support
  • Risks, Business Process, and Due Diligence
  • Complementary Support
  • Recommendation
  • Appendixes

Additional Details

Type
Subjects
  • ADB funds and products
  • Health
  • Communicable and vector-borne diseases
  • Emerging diseases
  • COVID-19

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