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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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