American International Development Finance Corporation
October 15, 2021
MEDIA ADVISORY
WASHINGTON – From October 18-26, 2021, US Development Finance Corporation (DFC) Chief Operating Officer David Marchick will travel to South Africa and India to advance DFC investments helping to boost health world and to expand production capacity for COVID-19 vaccines in the developing world. . DFC’s Vice President, Development Credit, Jim Polan, and other senior DFC executives will accompany the COO. While in South Africa, the DFC delegation will visit Africa Data Centres, a DFC client that develops and expands critical technology infrastructure across Africa. The delegation will visit the sterile facilities of Aspen Pharmacare, Africa’s largest pharmaceutical manufacturer, in Gqeberha (formerly known as Port Elizabeth), and meet with other pharmaceutical manufacturers critical to the COVID response -19.
Chief Operating Officer Marchick and the traveling delegation will arrive in India on October 24, 2021. In Hyderabad, the delegation will visit the offices of Biological E, the Indian vaccine manufacturer, and participate in a signing ceremony to open a new facility with a substantial vaccine production capacity. manufacturing. This work comes in support of the historic commitment set out by President Biden and his “Quad” counterparts – Australia, India, Japan and the United States.
Since day one of the Biden administration, President Biden has said that the only way to defeat COVID-19 is to end the pandemic both at home and abroad by vaccinating Americans at home and not -Americans Abroad. So far, the United States has pledged to donate 1.1 billion doses of vaccines and has already shipped nearly 200 million doses to developing countries, more doses than the rest of the world combined.
DFC’s financial tools are driving the growth of vaccine manufacturing capacity across multiple regions, with multiple technologies, and in countries large and small. Already, DFC’s support is expected to facilitate capacity expansion to produce nearly 2 billion doses of COVID-19 vaccine across the world by the end of 2022, with other projects underway. The agency is also working to expand access to essential treatments and introduce medical equipment designed for low-resource settings as part of DFC’s Global Health and Prosperity Initiative.
For more information, interview requests or questions, please contact DFC spokesperson Pooja Jhunjhunwala at press@dfc.gov. For travel updates, follow us on Twitter at @DFC_gov.
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Credit: Originally published by DFC »
The American Development Finance Corporation (DFC) is the American development bank. DFC partners with the private sector to fund solutions to the most critical challenges facing developing countries today. We invest in all sectors, including energy, healthcare, critical infrastructure and technology. DFC also provides financing to small businesses and women entrepreneurs to create jobs in emerging markets. DFC’s investments adhere to high standards and respect the environment, human rights and labor rights.
