Bill Gates is the most richest man in the world and his foundation named Gates serves a lot and now its come forward to help Pakistan to pay the loan.
Japan has announced that the Government of Pakistan (GoP) does not need to pay back the loan of 4.9 billion Japanese yen (US$51 million) which financed polio vaccination campaigns from September 2011 to October 2013.
When the loan was decided in 2011, Japan, GoP and the Gates Foundation agreed to an innovative financing approach. It was agreed that the Gates Foundation would repay the loan to JICA on behalf of GoP, if GoP met certain performance criteria which showed that vaccination campaigns were implemented successfully.
So After the assessment of GoP’s performance, it is now formally decided that the Gates Foundation will repay the debt.
Let we inform our readers that Japan’s ODA loan provided the country with funds for oral polio vaccine, immunisation workers, and vaccination activities across the country and along the Pakistan/Afghanistan border.
Takashi Katae, chargŠ d’affaires of Japan to Pakistan, praised GoP for showing satisfactory performance, and appreciated the Gates Foundation for its continued commitment for partnership with Japan and Pakistan.
Although the foundation pay the loan but we wish that Pakistan in future will pay its own loan and fulfill the commitment.
Japan has announced that the Government of Pakistan (GoP) does not need to pay back the loan of 4.9 billion Japanese yen (US$51 million) which financed polio vaccination campaigns from September 2011 to October 2013.
When the loan was decided in 2011, Japan, GoP and the Gates Foundation agreed to an innovative financing approach. It was agreed that the Gates Foundation would repay the loan to JICA on behalf of GoP, if GoP met certain performance criteria which showed that vaccination campaigns were implemented successfully.
So After the assessment of GoP’s performance, it is now formally decided that the Gates Foundation will repay the debt.
Let we inform our readers that Japan’s ODA loan provided the country with funds for oral polio vaccine, immunisation workers, and vaccination activities across the country and along the Pakistan/Afghanistan border.
Takashi Katae, chargŠ d’affaires of Japan to Pakistan, praised GoP for showing satisfactory performance, and appreciated the Gates Foundation for its continued commitment for partnership with Japan and Pakistan.
Although the foundation pay the loan but we wish that Pakistan in future will pay its own loan and fulfill the commitment.
