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A small bottle labeled with a “Vaccine” label is held near a medical syringe in front of the words “Coronavirus COVID-19” shown in this illustration taken on April 10, 2020. REUTERS / Dado Ruvic / Illustration
WASHINGTON – The World Bank said its executive board approved $ 12 billion in new funding for developing countries on Tuesday to finance the purchase and distribution of COVID-19 vaccines, tests and treatments for their citizens.
The financing plan, which is part of the $ 160 billion in total resources that the multilateral development lender has pledged to provide to developing countries through June 2021 to help them fight the coronavirus pandemic, was reported by first time by Reuters in late September.
The World Bank said the funding program will include technical support to recipient countries so they can prepare for large-scale vaccine deployment, signaling to pharmaceutical companies that there will be strong demand and extensive funding for COVID-19 vaccines. in developing countries.
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