| Project Detail |
The EIB will finance investments in poliomyelitis immunisation, health-strengthening and surveillance activities to be carried out by the promoters and its partners. The project supports the ambitious target of polio eradication set by the World Health Assembly through World Health Organisation (WHO) and Unicef, in cooperation with the Bill & Melinda Gates Foundation. Over the past 30 years, tremendous progress has been made towards this objective. In 1988 wild poliovirus was present in more than 125 countries and paralysed 350,000 people every year, most of them young children. Since then, immunisation efforts have reduced cases by over 99%, saving more than 18 million children from paralysis.
Objectives
By permanently interrupting the virus transmission in polio endemic countries, including non-wild variants, and preventing the outbreaks in non-endemic countries, the project will also enhance inclusive growth and sustainable economic development in the concerned regions, in line with the EUs external action. Moreover, the proposed operation addresses the priorities of the EU Sub-Saharan Africa Multi-Annual Indicative Programme 2021-2027, which among others calls for deploying the EU Global Gateway strategy in Africa. It will strengthen the economic integration at regional and continental levels for a sustainable and inclusive growth and decent job creation, as well as promote transformative and competitive economies. The project will advance several Sustainable Development Goals, including SDG3 ("Ensure healthy lives and promote well-being for all at all ages"). In view of the disproportionate impact on the poor and vulnerable, the project is expected to also support the objectives of SDG1 ("End poverty in all its forms everywhere") and SDG10 ("Reduce inequality within and among countries"). Through the projects innovative deployment mechanism, a significant contribution will to SDG17 (Strengthen the means of implementation and revitalize the global partnership for sustainable development) is a
Sector(s)
Health - Human health and social work activities
Under Global Europe NDICI guarantee
The proposed operation is expected be covered by the comprehensive guarantee granted to the EIB under the Dedicated Investment
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
EUR 4700 million |
