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The World Bank has committed $12 billion to African countries to support vaccination programs, the South African Presidency said in a statement on its website on Saturday.
According to Bloomberg, the World Bank money will be in the form of grants or on “highly concessional terms,” South African President Cyril Ramaphosa said in the statement.
The statement follows a January 27 virtual meeting on the Africa Covid-19 vaccine financing and deployment strategy, which was attended by David Malpass, president of the World Bank.
Even in the most devastated U.S. counties, the latest Covid-19 surge is receding, buying authorities time as they attempt to vaccinate about 330 million people.
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-Jarred
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