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World Bank Approves $12bn For Developing Countries For Covid-19 Vaccines

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The World Bank on Wednesday approved $12 billion to help Nigeria and other developing countries buy COVID-19 vaccines.

“The World Bank’s Board of Executive Directors today approved an envelope of 12 billion dollars for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens,” it read.

The vaccination support targets up to a billion people.

The fund is part of the World Bank Group’s package to provide up to $160 billion through June 2021. However, the aid is expected to reach more than 100 countries.

 

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