Handover ceremony of COVID Fund held in Nay Pyi Taw

The handover ceremony of the COVID Fund took place at the Ministry of Planning, Finance and Industry in Nay Pyi Taw yesterday.
Chairman of Fund Management Subcommittee on the Purchase of COVID-19 Vaccines Union Minister U Win Shein, subcommittee members, deputy ministers, department heads, five K100 million and above and two K10 million donors attended the ceremony.
One of the well-wishers explained the donations.
Then, the Union Minister talked about establishing Fund Management Subcommittee on 30 December 2020 that opened COVID-19 Vaccination Fund at Myanma Economic Bank (Nay Pyi Taw) with Myanmar Currency and Foreign Currency Accounts. The purpose of fundraising is to purchase adequate COVID-19 vaccines and to use them effectively for all entire people.
The government set up the fund with an initial sum of K1 billion and $250 million. It also drafted the financial management procedures to use the fund systematically. Currently, the processes are being carried out in line with these procedures.
The Union minister also highlighted the methods for cash contribution announced on 10 and 18 January issues of state-run newspapers, broadcasting programmes of received cash donation at Myanmar Currency and Foreign Currency accounts via MRTV and state-run newspapers.
It received K29,784,250,115.39 and $3,140,149.53 between 6 January and 23 April and so there is a total of K30,784,250,115.39 and $253,140,149.53 including the state-funding.
The government used $75 million to purchase 30 million units of Indian made Covishield on 7 January 2021, and so it left $178,140,149.53 in Foreign Currency Account. There are a total of 10,093 donors between 6 January and 23 April, and the certificates of honour are given to the well-wishers who donate K100,000 and above according to their desires.
The first handover ceremony was held on 22 January, and certificates of honour were presented to eight well-wishers who donated K10 million and above.
The Union Minister also added the places to issue the certificates of honour, effective use of COVID-19 fund and plan to inspect expenditure.
The Union Minister then expressed words of thanks to the local and foreign donors and subcommittee on behalf of the Central Committee on Prevention, Control and Treatment of COVID-19. — MNA