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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