WEB DESK – The Bill and Melinda Fates Foundation has agreed to pay $ 51 million of outstanding loan on behalf of Pakistan to the government of Japan to adjust finances of polio vaccination campaigns from September 2011 to October 2013.
The move was now confirmed by the government of Japan as an official communique stated that ‘Bill & Melinda Gates Foundation’ will repay the loan to the Japan International Cooperation Agency (JICA) on behalf of Pakistan.
The official communique also stated that in 2011 the Japan, Pakistan and the Gates Foundation agreed to an innovative financing approach. It was agreed that the Gates Foundation would repay the loan to JICA on behalf of Pakistan, if certain performance criteria would be met.
Japan provided the loan for oral polio vaccine, immunization workers, and vaccination activities across Pakistan and along the Pakistan/Afghanistan border.