World Bank approves US$12B to finance virus vaccines, care

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 99%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The World Bank has approved US$12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to 1 billion people.

The $12 billion "envelop" is part of a wider World Bank Group package of up to $160 billion to help developing countries fight the COVID-19 pandemic, the bank said in a statement late Tuesday.Newsletter sign-up: Get The COVID-19 Brief sent to your inbox"We are extending and expanding our fast-track approach to address the COVID emergency so that developing countries have fair and equal access to vaccines," said the bank's president, David Malpass, said in the statement.

The International Finance Corporation, the private sector lending arm of the World Bank is investing in vaccine manufacturers through a $4 billion Global Health Platform, the statement said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And china enjoys the economicrecovery after ChineseVirus

Money laundering

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:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines