HSBC and Asian Development Bank join forces in $300 mln vaccine financing

LONDON, April 9 (Reuters) – HSBC and the Asian

Development Bank (ADB) will provide a combined $300 million in

financing to help Asia’s supply chains boost manufacturing

capacity for COVID-19 vaccines, the two lenders said on Friday.

The initiative builds on a risk-sharing scheme the banks

launched in July to help to fund suppliers of personal

protective equipment (PPE) as they and vaccine makers race to

meet global demand that outstrips supply.…

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