World Bank announces $12bn plan for poor countries to buy Covid vaccines
by Larry Elliott from Economics | The Guardian on (#58N58)
Initiative aims to ensure low-income countries are not frozen out by rich nations
The World Bank has announced plans for a $12bn (9.3bn) initiative that will allow poor countries to purchase Covid-19 vaccines to treat up to 2 billion people as soon as effective drugs become available.
In an attempt to ensure that low-income countries are not frozen out by wealthy nations, the organisation is asking its key rich-nation shareholders to back a scheme that will disburse cash over the next 12 to 18 months.
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