The World Bank allocates $ 12 billion for Corona vaccines


The World Bank allocates $ 12 billion for Corona vaccines


The World Bank

The World Bank announced that its board of directors approved, on Tuesday, a $ 12 billion aid plan to ensure that developing countries receive vaccines against “Covid-19” as soon as they become available.

The International Financial Corporation said in a statement that this amount will be used to finance the purchase and distribution of vaccines, tests and treatments “Covid-19” for citizens of developing countries, noting that these funds are supposed to be sufficient to vaccinate “up to one billion people.”

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The World Bank stated that it intends to send “a signal to the research and pharmaceutical industries that citizens of developing countries must also obtain safe and effective Covid-19 vaccines.”

He added that it would provide technical support to help countries prepare for a large-scale distribution of vaccines in coordination with international partners.

He pointed out that this funding is part of a $ 160 billion aid package that the World Bank has allocated until June 2021 to help developing countries combat the Corona pandemic.

“Access to safe and effective vaccines and robust distribution systems is essential to change the course of the pandemic and help countries facing disastrous economic and financial impacts to move towards a resilient recovery,” said a statement by World Bank President David Malpass.

Source: AFP

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