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World Bank Plans To Spend $12 Billion COVID-19 Vaccine For Developing Countries

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In an exclusive report by Reuters, World Bank is preparing a financial plan to ensure that there is an equal distribution of the COVID-19 vaccine between the developed and developing countries.

On Tuesday, September 29, 2020, World Bank’s President David Malpass told Reuters in an exclusive interview that he was seeking the approval for the financial plan worth $12 billion from the board executives of the organization.

Malpass stated that the approval of the board for the plan is expected in early October.The world’s leading inter-governmental financial organization has shown concerns 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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