Categories: International

World Bank expands Coronavirus Vaccine Funding to $20 billion

The World Bank has announced additional funding of $8 billion for Covid-19 vaccines, for developing countries. With this, the total financing available for the Covid-19 vaccine reaches $20 billion. Earlier the World Bank had announced $12 billion for the same. This funding will be used over the next 18 months till 2022 end.

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World Bank Group President David Malpass has also called on countries with surplus doses to release it for use by developing countries and requested vaccine manufacturers to prioritise the available doses for such developing countries that urgently need them. Further, the Bank also provided over $4 billion for the purchase and deployment of Covid vaccines for 51 developing countries, half of which are in Africa.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.