Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

World Bank, COVAX unveil plan to speed vaccine supplies to developing countries

World Bank, COVAX unveil plan to speed vaccine supplies to developing countries

ANDREA SHALAL THE World Bank and the COVAX global vaccine distribution program have unveiled a financing mechanism to speed the supply of doses to developing countries, where COVID-19 inoculation rates lag far behind those of richer nations. The mechanism allows COVAX to make advance purchases - at more competitive prices - from vaccine manufacturers based on aggregate demand across countries, using financing from the World Bank and other multilateral development banks. "Accessing vaccines remains the single greatest challenge that developing countries face in protecting their people from the health, social, and economic impacts of the COVID-19 pandemic," World Bank President…
Read More