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World Bank boosts COVID-19 vaccine funding for developing countries to $20 B


Published July 2, 2021, 6:00 AM
WASHINGTON (AFP) – The World Bank announced Wednesday it has increased its Covid-19 vaccine fund for developing countries by $8 billion to $20 billion.
In addition, the bank’s private financing arm secured a 600 million euro ($710 million) package for a South African vaccine manufacturer to ramp up production, the institution announced.
”Together the actions announced today on vaccine production, deployment and financing will save lives, boost economic recovery and help ensure the people in the developing countries have a chance to prosper,” World Bank Group President David Malpass told reporters.
The $20 billion is available through 2022 to finance vaccine distribution as well as cold chains and training health workers, the bank said in a statement. ....

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World Bank Boosts Covid-19 Vaccine Funding From $8 Billion To $20 Billion


World Bank Boosts Covid-19 Vaccine Funding From $8 Billion To $20 Billion
World Bank Boosts Covid-19 Vaccine Funding From $8 Billion To $20 Billion
The $20 billion is available through 2022 to finance vaccine distribution as well as cold chains and training health workers, World bank said in a statement.
As of Wednesday World bank had distributed $4.4 billion to 51 developing nations. (File)
Washington:
The World Bank announced Wednesday it has increased its Covid-19 vaccine fund for developing countries by $8 billion to $20 billion.
In addition, the bank s private financing arm secured a 600 million euro package for a South African vaccine manufacturer to ramp up production, the institution announced. ....

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