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World Bank approves $12B to finance virus vaccines, care

The World Bank has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to one billion people.The $12 billion envelop is part of a wider World Bank Group package of up to $160 billion to help developing countries fight the COVID-19 pandemic, the bank said in a statement late Tuesday.

The World Bank said its COVID-19 emergency response programmes are already reaching 111 countries.Citizens in developing countries also need access to safe and effective COVID-19 vaccines, it said.We are extending and expanding our fast-track approach to address the COVID emergency so that developing countries have fair and equal access to vaccines, said the bank’s president, David Malpass, said in the statement.

News source ~ The Hindu