World Bank threatens to stop funding Lebanon’s COVID-19 vaccines after reported violations

SourceEgypt Independent
SectorFinancial Services
CountryLebanon

The comments from the World Bank came as frustration grew among some residents and doctors that vaccinations were moving slowly and could be riddled with violations. Lebanon received its first batch of the Pfizer-BioNTech vaccine – about 28,000 doses – this month with aid from the World Bank, which said it would monitor to ensure the shots go to those most in need. In its first operation funding the purchase of COVID-19 vaccines, the World Bank reallocated $34 million to help Lebanon start vaccinations. The bank has warned against favoritism in a country where decades of state waste and corruption triggered a dire financial meltdown.  After local media reported that some MPs would get their COVID-19 shots on Tuesday, the World Bank’s regional director, Saroj Kumar Jha, said that would breach the national plan agreed for fair vaccination. “Upon confirmation of violation, World Bank may suspend financing for vaccines and support for COVID19 response across Lebanon!!” he wrote on Twitter. “I appeal to all,...read more...