World Bank plans US$ 12bn to help poor countries with Covid-19 vaccine purchase and distribution
The World Bank on Tuesday said it has asked its board of directors to approve US$12 billion to help poor countries purchase and distribute eventual vaccines against COVID-19. The bank has already implemented emergency response programs in 111 countries and the extra money, if approved, would be aimed at low- and middle-income countries.
“An effective and safe COVID-19 vaccine is the most promising path forward for the world to reopen safely,” a World Bank spokesman said.
“The global economy will not recover fully until people feel they can live, socialize, work and travel with confidence.” The funds would be dispersed over 12 to 18 months.