{"id":258160,"date":"2022-09-25T15:59:23","date_gmt":"2022-09-25T19:59:23","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=258160"},"modified":"2022-09-25T15:59:23","modified_gmt":"2022-09-25T19:59:23","slug":"undp-to-implement-financing-of-more-than-40-million-euros-for-cuban-biopharmaceutical-industry","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/undp-to-implement-financing-of-more-than-40-million-euros-for-cuban-biopharmaceutical-industry\/","title":{"rendered":"UNDP to implement financing of more than 40 million euros for Cuban biopharmaceutical industry"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/oncubanews.com\/en\/tag\/united-nations-development-program-unpd\" target=\"_blank\" rel=\"noopener\"><b>United Nations<\/b><\/a><span style=\"font-weight: 400;\"> Development Program (UNDP) in Cuba will implement financing of more than 40 million euros to strengthen the island\u2019s biopharmaceutical industry, according to official sources.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The purpose of the loan, signed by the Central American Bank for Economic Integration (CABEI) and with a total value of 46.7 million euros, is to \u201cimprove the national response capacity against diseases such as COVID-19,\u201d according to <\/span><a href=\"https:\/\/www.prensa-latina.cu\/2022\/09\/23\/pnud-ejecutara-credito-para-fortalecer-la-biofarmaceutica-en-cuba\" target=\"_blank\" rel=\"noopener\"><b>a dispatch<\/b><\/a><span style=\"font-weight: 400;\"> from the Prensa Latina (PL) news agency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report, which cites a UNDP <\/span><a href=\"https:\/\/www.undp.org\/es\/cuba\/noticias\/pnud-implementara-prestamo-del-bcie-la-republica-de-cuba-para-el-fortalecimiento-de-la-industria-biofarmaceutica-cubana\" target=\"_blank\" rel=\"noopener\"><b>statement<\/b><\/a><span style=\"font-weight: 400;\">, points out that the implementation of the budget contemplates \u201cthe reinforcement of the infrastructure for the production of injectable antibiotics, parenteral solutions (serums), generic and biosimilar drugs, diagnostic kits and medical equipment.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\">PNUD implementar\u00e1 el primer financiamiento subscrito por el <a href=\"https:\/\/twitter.com\/BCIE_Org?ref_src=twsrc%5Etfw\">@BCIE_Org<\/a> para Cuba, con la ejecuci\u00f3n del Proyecto de fortalecimiento de la industria <a href=\"https:\/\/twitter.com\/hashtag\/biofarmac%C3%A9utica?src=hash&amp;ref_src=twsrc%5Etfw\">#biofarmac\u00e9utica<\/a>, destinado a mejorar la capacidad de respuesta nacional ante enfermedades como la COVID 19.<br \/>\u2795<a href=\"https:\/\/t.co\/m98k8DQvfl\">https:\/\/t.co\/m98k8DQvfl<\/a> <a href=\"https:\/\/t.co\/Qr9dyKNEj9\">pic.twitter.com\/Qr9dyKNEj9<\/a><\/p>\n<p>&mdash; PNUD Cuba (@PNUDCuba) <a href=\"https:\/\/twitter.com\/PNUDCuba\/status\/1573343541526503429?ref_src=twsrc%5Etfw\">September 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The note affirms that the financing will have an impact on \u201cthe treatment of people infected with COVID-19 and other communicable diseases, as well as the acquisition of health supplies and medical protection material to prevent contagion.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThrough the strengthening of the pharmaceutical industry and the production of 200 million doses of vaccines, higher levels of economic productivity are expected to be achieved through the development of innovative medicines and the modernization of technology, which will contribute to diversification for the benefit of the national health system and of other countries in the region,\u201d added the UNDP office on the island.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The entity assures that \u201cit will carry out the acquisitions of the project in accordance with its acquisition policies and regulations,\u201d while affirming that BioCubaFarma, in alliance with the Ministry of Foreign Trade and Foreign Investment (MINCEX), the Central Bank of Cuba (BCC) and the Ministry of Finance and Prices (MFP), will have \u201ca key role\u201d in the execution of the actions, which will be carried out in 10 of the enterprises of that state group.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For his part, Dante Mossi, executive president of CABEI, commented that the initiative is \u201ca health support response to protect the lives of Cuban families by strengthening the health system,\u201d said PL, whose report adds that this financial entity granted the loan under the specialized mechanism established for activities and operations with Cuba.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The agency recalls that the UNDP collaborates globally with a view to building resilience in the face of the multidimensional crisis resulting from the COVID-19 pandemic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In its Cuban chapter, this United Nations institution has supported \u201cthe implementation of donations to strengthen the production capacities of medicines, medical supplies and food, as part of the commitments of its Cooperation Framework with the country,\u201d the note concluded.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United Nations Development Program (UNDP) in Cuba will implement financing of more than 40 million euros to strengthen the island\u2019s biopharmaceutical industry, according to official sources. The purpose of the loan, signed by the Central American Bank for Economic Integration (CABEI) and with a total value of 46.7 million euros, is to \u201cimprove the [&hellip;]<\/p>\n","protected":false},"author":3134,"featured_media":258162,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13902],"tags":[4364,34468],"ppma_author":[33546],"class_list":["post-258160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cuba","tag-biotechnology-and-pharmaceutical-industries","tag-united-nations-development-program-undp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UNDP to implement financing of more than 40 million euros for Cuban biopharmaceutical industry | OnCubaNews English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oncubanews.com\/en\/cuba\/undp-to-implement-financing-of-more-than-40-million-euros-for-cuban-biopharmaceutical-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UNDP to implement financing of more than 40 million euros for Cuban biopharmaceutical industry | OnCubaNews English\" \/>\n<meta property=\"og:description\" content=\"The United Nations Development Program (UNDP) in Cuba will implement financing of more than 40 million euros to strengthen the island\u2019s biopharmaceutical industry, according to official sources. 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