World Bank plan is aimed to put poor countries, where the virus is spreading most rapidly, on the same footing as richer countries by ensuring they have financing to secure supplies and a system for distribution, says David Malpass
World Bank President David Malpass said on Tuesday he is seeking board approval for a $12 billion COVID-19 vaccine financing plan to help poor and developing countries secure a sufficient share of vaccine doses when they become available in the coming months.
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Mr. Malpass told Reuters in an exclusive interview that the initiative, part of $160 billion in coronavirus aid financing pledged by the multilateral lender, is aimed at helping countries procure and distribute vaccines early to healthcare and other essential workers and expand global production. He said the board was expected…