World Bank Approves US$12 Billion for Developing Countries to Acquire Covid-19 Vaccines

The financing “will also support countries to access to COVID-19 tests and treatments, and expand immunization capacity to help health systems deploy the vaccines effectively.”

RIO DE JANEIRO, BRAZIL - The World Bank said its executive board approved on Tuesday, October 13th, US$12 billion in new funding for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens. The financing plan is part of US$160 billion in total resources that the multilateral development lender has pledged to provide to developing countries through June 2021 to help fight the coronavirus pandemic.

The World Bank said the financing program will include technical support to recipient countries so they can prepare for deploying vaccines at scale, and will signal . . .

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