Thursday, July 1, 2021

World Bank financing for COVID-19 vaccine rollout exceeds USD$4 billion for 50+ developing countries. July 2021

 

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World Bank financing for COVID-19 vaccine rollout exceeds USD$4 billion for 50+ developing countries

The World Bank announced that it is providing over $4 billion for the purchase and deployment of COVID-19 vaccines for 51 developing countries, half of which are in Africa. More than half of the financing comes from the International Development Association (IDA), the Bank’s fund for the world’s poorest countries, and is on grant or highly concessional terms. Since the start of the COVID-19 pandemic, the World Bank Group has approved more than $150 billion to fight the health, economic, and social impacts of the pandemic.

 

Related: Remarks by World Bank Group President David Malpass | Joint Statement | IFC, Proparco, DEG and DFC Support South African COVID-19 Vaccine Maker, Aspen | World Bank Support for Country Access to COVID-19 Vaccines

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