Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

World Bank, African Union join forces to expand access to COVID-19 vaccines

Published : , on

WASHINGTON (Reuters) – The World Bank and the African Union said on Monday they would work together to accelerate COVID-19 vaccinations for up to 400 million people across Africa, bolstering efforts to vaccinate 60% of the continent’s population by 2022.

In a joint statement, the World Bank and the African Union said their agreement would provide needed resources to the Africa Vaccine Acquisition Task Team (AVATT) initiative, allowing countries to purchase and deploy more vaccines.

The initiative will complement efforts already underway by the COVAX vaccine-sharing program, which is co-run by the World Health Organization. A WHO official on Monday said more than half of poorer countries receiving doses via COVAX do not have enough supplies to continue.

The new World Bank initiative comes amid shortages caused in part by manufacturing delays and Indian supply disruptions, with cases and deaths rising as a third wave of infections sweeps across Africa.

“The World Bank is very pleased to support African countries through this partnership with the African Union to quickly provide hundreds of millions of doses,” World Bank President David Malpass said in a statement. “Countries urgently need more pathways for acquiring vaccines that match their needs and have early delivery schedules.”

Strive Masiyiwa, African Union special envoy, said the collaboration between the World Bank and African institutions such as the Africa Import Export Bank and the Africa Centre for Disease Control would provide the capacity to vaccinate at least 400 million people, or 30% of the total African population.

No details were immediately available on the cost of the initiative, but the funds will come from the $12 billion the World Bank has made available for vaccine financing and distribution. The Bank said it expects to be supporting vaccination efforts in 50 countries, two thirds of which are in Africa, by the end of June.

(Reporting by Andrea Shalal; Editing by Sonya Hepinstall)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post