📋 Tender Overview
The Inter-American Development Bank IDB approved the first hybrid sovereign guarantee operation with an investment loan and a guarantee for Belize.The 2.1 million guarantee will provide support for interventions to contain the transmission of the virus by increasing and facilitating access to COVID-19 vaccines. Specifically it will consist of the issuance of a sovereign guarantee to cover the purchase of the committed doses of COVID-19 vaccines channeled through Gavi Alliances COVAX Facility. In addition the investment portion which consists of a 2.8 million will facilitate vaccine accessibility. This component will finance investments for the National COVID-19 Vaccine Introduction Plan involving activities to strengthen logistics of conservation storage and cold chain management distribution and deployment of vaccines transportation and application and it will support facility readiness stock tracking and vaccination registry. Besides it will include the development and execution of a public information campaign regarding the vaccine and its benefits in order to encourage demand among the population.This project will help reduce the morbidity and mortality caused by COVID-19 and to mitigate other indirect impacts of the pandemic on health. The main outcomes will be an increase in the percentage of health personnel and people in prioritized groups such as persons 60 years and over and persons with special conditions and comorbidities who have been vaccinated against COVID-19.The direct beneficiaries will be the members of the priority population groups to be immunized with the vaccines made available under the COVAX Facility. Also indirect beneficiaries will be other residents and visitors to Belize who may experience lower chances of infection from the virus due to lower transmission.The IDBs 2.8 million loan and the 2.1 million guarantee are for up to 25-year term and in the case of the investment loan with up to 5.5-year grace period and an interest rate based on LIBOR.
