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    Reference: 20210373
    Release date: 28 June 2021

    Promoter – Financial Intermediary

    REPUBLICA ARGENTINA

    Location

    Description

    EIB loan to finance the purchase of COVID-19 vaccines.

    Objectives

    The proposed operation consists of an investment loan of up to USD 100 million to the Republic of Argentina, to part to finance the strengthening of the country's resilience and pandemic preparedness initiatives as included in the Argentinian national response plan to the current COVID-19 pandemic. In particular, the project will support the purchase of vaccines and the deployment of vaccination campaigns in alignment with a satisfactory country National Vaccine Deployment Plan (NVDP).

    Comments

    The project will be financed under the 2014-2020 External Lending Mandate or, to the extent possible, its successor Mandate.

    Sector(s)

    • Health - Human health and social work activities

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    USD 100 million (EUR 85 million)

    Total cost (Approximate amount)

    USD 1600 million (EUR 1353 million)

    Environmental aspects

    The Bank will require the Promoter to ensure that the implementation of the project will be done in accordance with the Bank's Environmental and Social Principles and Standards.

    Procurement

    The Bank will require the Promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Status

    Signed - 17/12/2021

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Argentina Health