World Bank says will boost COVID-19 vaccine funding to $20 bln – Reuters
- Date: 01-Jul-2021
- Source: Reuters
- Sector:Financial Services
- Country:Middle East
World Bank says will boost COVID-19 vaccine funding to $20 bln – Reuters
WASHINGTON, June 30 (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.
"Much more will follow in coming weeks," Malpass told reporters, noting that a total of 41 requests had been received from African countries, where less than half the population has been vaccinated.