The World Bank has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to 1 billion people.
The $12 billion “envelop" is part of a wider World Bank Group package of up to $160 billion to help developing countries fight the COVID-19 pandemic, the bank said in a statement late Tuesday.The World Bank said its COVID-19 emergency response programs are already reaching 111 countries.
Citizens in developing countries also need access to safe and effective COVID-19 vaccines, it said. “We are extending and expanding our fast-track approach to address the COVID emergency so that developing countries have fair and equal access to.