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INTERNATIONAL > Africa

Gov’t to assist Africa in procuring vaccines

  • March 17, 2022
  • , Yomiuri , p. 10
  • JMH Translation

The government will offer financial support to help African nations procure COVID-19 vaccines. It will provide trade insurance for the 20 billion yen that Japanese banks will lend to local banks that are funding [vaccine] procurement. If the funds Japanese banks loan to African banks become uncollectible, the government will compensate the Japanese banks for the loans. Tokyo is helping Africa procure vaccines on its own as China is increasing its influence through “vaccine diplomacy” by providing Africa with China-made vaccines. (Abridged)

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