WB approves $12 bn to finance Covid-19 vaccines, tests, treatments
By Web Deskupdated : 2 weeks ago
WASHINGTON: 14, OCTOBER, 2020: The World Bank has approved $12 billion to finance the purchase and distribution of Covid-19 vaccines, tests and treatments for developing nations.
The financing "aims to support vaccination of up to a billion people," the bank said in a statement.
The money is part of an overall World Bank Group (WBG) package of up to $160 billion through June 2021 designed to help developing countries battle the novel coronavirus pandemic.
"This financing package helps signal to the research and pharmaceutical industry that citizens in developing countries also need access to safe and effective Covid-19 vaccines," the statement read.
"It will also provide financing and technical support so that developing countries can prepare for deploying vaccines at scale, in coordination with international partners."
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," the statement added. (04)
WB approves $12 bn to finance Covid-19 vaccines, tests, treatments
By Web Deskupdated : 2 weeks ago
WASHINGTON: 14, OCTOBER, 2020: The World Bank has approved $12 billion to finance the purchase and distribution of Covid-19 vaccines, tests and treatments for developing nations.
The financing "aims to support vaccination of up to a billion people," the bank said in a statement.
The money is part of an overall World Bank Group (WBG) package of up to $160 billion through June 2021 designed to help developing countries battle the novel coronavirus pandemic.
"This financing package helps signal to the research and pharmaceutical industry that citizens in developing countries also need access to safe and effective Covid-19 vaccines," the statement read.
"It will also provide financing and technical support so that developing countries can prepare for deploying vaccines at scale, in coordination with international partners."
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," the statement added. (04)
