(AP) The World Bank has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to 1 billion people.
The $12 billion “envelope” is part of a wider World Bank Group package of up to $160 billion to help developing countries fight the COVID-19 pandemic, the bank said in a statement late Tuesday.
The World Bank said its COVID-19 emergency response programs are already reaching 111 countries.
Citizens in developing countries also need access to safe and effective COVID-19 vaccines, it said.
