India's Serum Institute will return money if it can't supply vaccines: finance minister | The Daily Star
04:12 PM, May 05, 2021 / LAST MODIFIED: 04:27 PM, May 05, 2021

India's Serum Institute will return money if it can't supply vaccines: finance minister

Bangladesh will get back the money if India's Serum Institute cannot supply vaccine under an international contract, Finance Minister AHM Mustafa Kamal said today.

"We will take the money back when we will finally come to know that no vaccine will be supplied. We will definitely get back the money."

"Does any country run off with another country's money in this way? Everything was done based on written contracts," he said.

The minister said the discussion is still going on and the time is yet to come to say that the vaccine will not come to Bangladesh from Serum.

Kamal made the comments in a virtual briefing after a meeting of the cabinet committee on public procurement.

"This is a sensitive issue. The government is trying to import vaccine from alternative sources at the same time. The government is not depending on a single source only."

When questioned whether Bangladesh will demand compensation from Serum, the minister said: "Everything is there in the contract what an international contract should have. Please go to the health ministry for more information about this."

 

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