Exclusive: World Bank seeks board approval for US$12 billion coronavirus vaccine financing plan

Exclusive: World Bank seeks board approval for US$12 billion coronavirus vaccine financing plan

World Bank President David Malpass said on Tuesday he is seeking board approval for a US$12 billion coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of vaccine doses when they become available in the coming months.

A woman holds a small bottle labeled with a "Vaccine COVID-19" sticker and a medical syri
FILE PHOTO: A woman holds a small bottle labeled with a "Vaccine COVID-19" sticker and a medical syringe in this illustration taken April 10, 2020. REUTERS/Dado Ruvic/Illustration

WASHINGTON: World Bank President David Malpass said on Tuesday he is seeking board approval for a US$12 billion coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of vaccine doses when they become available in the coming months.

Malpass told Reuters in an exclusive interview that the initiative, part of US$160 billion in coronavirus aid financing pledged by the multilateral lender, is aimed at helping countries procure and distribute vaccines early to health care and other essential workers and expand global production.

(Reporting by David Lawder; Editing by Lisa Shumaker)

Source: Reuters

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