Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

World Bank approves $12B to fight COVID-19 for developing countries

by Anadolu Agency

ANKARA Oct 14, 2020 - 9:57 am GMT+3
An employee of SinoVac works in a lab at a factory producing its SARS-CoV-2 vaccine for COVID-19 named CoronaVac in Beijing, China, Sept. 24, 2020. (AP Photo)
An employee of SinoVac works in a lab at a factory producing its SARS-CoV-2 vaccine for COVID-19 named CoronaVac in Beijing, China, Sept. 24, 2020. (AP Photo)
by Anadolu Agency Oct 14, 2020 9:57 am

The World Bank on Tuesday approved an envelope of $12 billion for developing countries to finance the purchase and distribution of the coronavirus vaccines, tests and treatments for citizens.

The financing is part of an overall World Bank Group package of up to $160 billion through June 2021 to fight the pandemic, according to a statement.

It aims to support the vaccination of up to 1 billion people.

This financing package is a signal to the research and pharmaceutical industry that citizens in developing countries also need access to safe and effective COVID-19 vaccines.

It will also provide financing and technical support so that developing countries can prepare for deploying vaccines at scale, in coordination with international partners.

"We are extending and expanding our fast-track approach to address the COVID-19 emergency so that developing countries have fair and equal access to vaccines," said David Malpass, the World Bank's president.

Access to safe and effective vaccines and strengthened delivery systems are key to altering the course of the pandemic, he added.

The International Finance Corporation (IFC), the World Bank's private sector arm, is also investing in vaccine manufacturing through its $4 billion Global Health Platform.

The aim is to encourage ramped-up production of COVID-19 vaccines and therapeutics in advanced and developing economies alike and to ensure that emerging markets gain access to available doses.

  • shortlink copied
  • Last Update: Oct 14, 2020 11:13 am
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    covid-19 outbreak world economy world bank developing economies vaccine
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Mayan pyramid and ruins in the famous Tikal National Park, Guatemala. (Getty Images Photo)

    Scientists discover 417 Mayan cities in Guatemala's forested area

    mayan-city
    Kemal Kılıçdaroğlu, Republican People's Party (CHP) chairperson and presidential candidate, gives a speech during a campaign rally in Antakya, Türkiye, May 23, 2023. (AFP Photo)

    In Türkiye, out of the democratic grandfather came a fascist

    türkiye-elections

    'Germany's arrest of Turkish journalists violates press freedom'

    TÜRKIYE-ELECTIONS

    Turkish artist seriously injured after being pushed into NYC train

    New-York-City
    No Image
    Snow, protests and COVID-19: Top pictures of the week
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021