CABEI and Argentina sign loan for US$32.0 million for health coverage and access


Through this financing, it is expected that a total of 7,724,553 people will be vaccinated per year, 58.0% of which will be women.

Tegucigalpa, September 24, 2020. - The Central American Bank for Economic Integration (CABEI) and the Government of the Republic of Argentina, signed a loan agreement for an amount of US$32.0 million to finance the implementation of the Program to Support the Strategy for Expansion of Health Coverage and Access.

The contract was signed by CABEI's Executive President, Dr. Dante Mossi and the Secretary of International Financial Relations for Development of the Secretariat of Strategic Affairs of the Presidency of the Nation, Mr. Christian Asinelli.

The loan will help the Ministry of Health and the Provincial Ministries of Health strengthen their institutional capacity to provide public health services by financing improvements to the information systems for the vaccinated population and optimizing the conditions for vaccine supply and use in order to support universal health service coverage in Argentina. The total amount of the program is US$40.0 million.

As a result of the interventions that will be carried out with the program, a total of 7,724,553 people are expected to be vaccinated per year, 58.0% of whom are women. The Program's area of influence will include the provinces of Buenos Aires, La Rioja, Chubut, Corrientes, Jujuy, Neuquén and San Juan for the construction or improvement of the vaccine warehouses, foreseeing a nationwide reach with the implementation of the appropriate technological platform.

It is estimated that the implementation of this program will generate savings in the Argentine State, derived mainly from the decrease in costs for consultations, medicines, studies, and hospitalization of people affected by immunopreventable diseases.

The granting of this loan ratifies the commitment that CABEI has with one of its partner countries, and the interest that Argentina has in promoting health, social and prevention programs to improve the welfare of its population.