World Bank Financing for COVID-19 Vaccine Rollout Reaches $2 Billion

Financing for the poorest countries is on grant or highly concessional terms

Kuala Lumpur, Malaysia. 03rd Mar, 2021. A healthcare worker holds a vial of the Pfizer-BioNTech Covid-19 vaccine during the first phase of the country nationwide vaccination drive at the Hospital UiTM in Sungai Buloh, outskirts of Kuala Lumpur. Credit: SO

WASHINGTON, April 20, 2021— The World Bank announced today that it has reached $2 billion in approved financing for the purchase and distribution of COVID-19 vaccines for 17 developing countries. This financing is part of the $12 billion envelope over 24 months for developing countries to acquire and deploy vaccines and strengthen their vaccination systems. For poorer countries financing is on grant or highly concessional terms. The Bank expects to support 50 countries with $4 billion financing for COVID-19 vaccines by mid-year.

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Message of His Holiness Pope Francis to the World Bank Group and International Monetary Fund

I am grateful for the kind invitation to address the participants in the World Bank Group and International Monetary Fund 2021 Spring Meetings by means of this letter, which I have entrusted to Cardinal Peter Turkson, Prefect of the Holy See’s Dicastery for Promoting Integral Human Development.

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Webinar April 9th – COVID-19: Vaccines for Developing Countries

Working toward a green, resilient, and inclusive recovery

At the close of the 2021 Spring Meetings, the Development Committee stressed that strong international coordination is urgently needed to contain the impacts of the COVID-19 pandemic, resume progress toward development goals, and lay the groundwork for green, resilient, and inclusive development.

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