World Bank says will boost COVID-19 vaccine funding to $20 billion By Reuters – Investing.com

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World Bank says will boost COVID-19 vaccine funding to $20 billion By Reuters – Investing.com

By Andrea Shalal and David Lawder

WASHINGTON (Reuters) -The World Bank on Wednesday pledged to boost available funding for COVID-19 vaccine purchases and deployment to $20 billion from a previous target of $12 billion, citing a sharp increase in overall financing demand from developing countries.

World Bank President David Malpass said the global development bank had already provided more than $4 billion to 51 developing countries for the purchase and deployment of COVID-19 vaccines, and would add billions for 25 more countries soon.

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