The World Bank has approved $12 billion in financing to help poor countries buy and give out coronavirus vaccines, tests and treatments. The aim is to support the vaccination of up to 1 billion people in the developing world. The $12 billion in financing is part of a larger World Bank Group effort. It plans to spend up to $160 billion to help developing countries fight the COVID-19 pandemic, the bank said in a statement on Tuesday. The World Bank said its COVID-19 emergency programs are already reaching 111 countries. People in developing countries need safe and effective COVID-19 vaccines, it said. The World Bank is “fast-tracking” its delivery systems so that poorer nations “have fair and equal access to vaccines,” said the bank’s president, David Malpass.
What does fast-tracking mean?
to accelerate development or progress
to slow improvement
to decelerate a process
the stop progress or development
How many countries is the COVID-19 emergency programs reaching?
111
54
62
121
The World Bank has approved $12 billion in financing to help Poor countries.
Poor countries
The United States
Pharmaceutical companies
Animal relief agencies