According to a statement posted on the global financing
institution’s website, more than half of the financing comes from the
International Development Association, the Bank’s fund for the world’s poorest
countries, and is on grant or highly concessional terms.
Since the start of the pandemic, read the statement, “the
World Bank Group has approved more than 150 billion dollars to fight the
health, economic, and social impacts of the pandemic.”
The financing package is flexible and countries can use the
money to acquire doses through COVAX, the Africa Vaccine Acquisition Task Team
(AVATT), or other sources, it said.
The finances can also be used to strengthen the health
systems such as vaccine cold chains, training health workers, data and
information systems, and communications and outreach campaigns to ensure
vaccination acceptance.
According to the statement, the World Bank is partnering
with the African Union and the Africa Centers for Disease Control (Africa CDC)
to support the AVATT initiative with resources to allow countries to purchase
and deploy vaccines for up to 400 million people across Africa.
The bank is also convening a task force with the
International Monetary Fund, World Health Organization, World Trade
Organization and other partners to track, coordinate, and advance delivery of
COVID-19 vaccines to developing countries, it added.
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