World Bank Funding for COVID-19 Vaccine Deployment in Developing Countries Surpasses USD 4 Billion – Manila Bulletin
KAMPALA – The World Bank announced on Wednesday that it will provide more than US $ 4 billion for the purchase and deployment of COVID-19 vaccines for 51 developing countries, half of which are in Africa.
According to a statement posted on the World Financial Institution’s website, more than half of the funding comes from the International Development Association, the Bank’s fund for the world’s poorest countries, and is provided in the form of subsidies or on very concessional terms.
Since the start of the pandemic, the statement read, “the World Bank Group has approved more than $ 150 billion to address the health, economic and social impacts of the pandemic.”
The funding package is flexible and countries can use the money to acquire doses through COVAX, the Africa Vaccine Procurement Task Force (AVATT) or other sources, he said.
The funds can also be used to strengthen health systems such as vaccine cold chains, health worker training, data and information systems, and communication and awareness campaigns to ensure acceptance. vaccination.
According to the statement, the World Bank is partnering with the African Union and the African Centers for Disease Control (Africa CDC) to support the AVATT initiative with resources to enable countries to purchase and deploy vaccines for up to to 400 million people across Africa.
The bank is also convening a task force with the International Monetary Fund, the World Health Organization, the World Trade Organization and other partners to monitor, coordinate and advance the delivery of COVID-19 vaccines to countries in development, he added. Final element
SUBSCRIBE TO THE DAILY NEWSLETTER
CLICK HERE TO SIGN UP