The money is part of an overall World Bank Group package of up to $160 billion through June 2021 designed to help developing countries battle the novel coronavirus pandemic.
"It will also provide financing and technical support so that developing countries can prepare for deploying vaccines at scale, in coordination with international partners."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank board approves $16 bln for Covid-19 vaccines, treatments in developing countriesWASHINGTON (REUTERS) - The World Bank said its executive board approved on Tuesday (Oct 13) US$12 billion (S$16.2 billion) in new funding for developing countries to finance the purchase and distribution of Covid-19 vaccines, tests and treatments for their citizens.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Car sales charge ahead in China with rest of world stalled by coronavirusBEIJING (BLOOMBERG) - Demand for cars in China continues to go from strength to strength, making the automobile market in Asia's biggest economy a lone bright spot as the coronavirus pandemic puts a damper on sales in Europe and the US.. Read more at straitstimes.com. Lets hope all these new cars are all electric and non.polluting - otherwise its terrible!
Source: The Straits Times - 🏆 8. / 63 Read more »