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World Bank says to commit $2 billion to vaccines in developing countries by end-April
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World Bank will have committed US$2 billion to COVID-19 vaccines in developing countries by end-April
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Financing, transparency in vaccine development, political will and global solidarity will all be essential in ensuring the world’s poorest countries gain access to coronavirus vaccines, officials from several major international organisations stressed at a World Bank forum on Friday.
“Where there are gaps, we must move quickly to fill them,” David Malpass, the president of the World Bank Group, said during the virtual panel discussion. “It’s critical to get economies growing faster and to keep more families from falling into poverty.”
The World Bank and International Monetary Fund are holding their annual spring meetings this week with talks focused primarily on the economic recovery from the coronavirus crisis.
Published April 10, 2021 3:41am
The $2 billion is part of a pool of some $12 billion that the World Bank has made available overall for vaccines in low-and middle-income countries, van World Bank Managing Director of Operations Axel van Trotsenburg said in a forum. WASHINGTON - The World Bank Group will have committed $2 billion in financing by the end of April for COVID-19 vaccine purchases, development and manufacturing in some 40 developing countries, countries on this effort, World Bank Managing Director of Operations Axel van Trotsenburg said on Friday. The $2 billion is part of a pool of some $12 billion that the World Bank has made available overall for vaccines in low-and middle-income countries, van Trotsenburg told a World Bank forum.
World Bank says to commit $2 billion to vaccines in developing countries by end-April By David Lawder
FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua
WASHINGTON (Reuters) – The World Bank Group will have committed $2 billion in financing by the end of April for COVID-19 vaccines in some 40 developing countries, World Bank Managing Director of Operations Axel van Trotsenburg said on Friday.
The $2 billion is part of a pool of some $12 billion that the World Bank has made available overall for vaccine development, distribution and production in low-and middle-income countries, van Trotsenburg told a World Bank forum.
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