The World Bank is seeking for a nod from its board of directors for 12 billion U.S. dollars to help poor nations with the purchase and distribution of vaccines against COVID-19.
“An effective and safe COVID-19 vaccine is the most promising path forward for the world to reopen safely. The global economy will not recover fully until people feel they can live, socialize, work and travel with confidence. The funds would be dispersed over 12 to 18 months,” said a World Bank spokesman.
It must be noted that the World Bank has already implemented emergency response programs in 111 nations and the extra funds that when approved will be aimed at low- and middle-income countries. “We want the poorest countries to have access to it (a vaccine), and in these countries, we want the most vulnerable people and medical personnel to be vaccinated,” added the World Bank spokesman.