World Bank says $12b for vacci


World Bank says $12b for vaccinations in Africa ‘available now’

The Bank said it’s preparing emergency vaccine financing projects in 21 countries in Africa, urging states to avail of the funds.

World Bank says $12b for vacci


The World Bank has made available $12 billion (R318 billion) in grants or on “highly concessional terms” to African countries to support vaccination programs across the continent, the Bank’s president has said.

World Bank president David Malpass’ announcement followed a virtual meeting with African leaders on the continent’s Covid-19 vaccine financing and deployment strategy.

Noting that African states haven’t been able to keep pace with developed nations’ vaccine rollouts, Malpass urged African leaders to move quickly to secure vaccinations for their populations, and to “avail themselves of the financing available from us.”

“We would encourage those countries that have not yet requested World Bank support to send a letter to their World Bank Country Director asking for support for vaccine procurement and deployment from the $12 billion facility. We look forward to receiving these letters so that our teams can expeditiously support you.”

Emergency vaccine financing

“Since the outbreak of Covid-19 last March, the bank has committed $25 billion to African countries to support their health and economic recovery, and we expect to commit an additional $15 billion by June.”

Malpass said the World Bank is preparing emergency vaccine financing projects in 21 countries in Africa, including the Democratic Republic of Congo, Ethiopia, Niger, Mozambique, Tunisia, Eswatini, and Cabo Verde to name a few.”

“The funds are available now.”

The cost of vaccinating 60% of Africa’s 1.3 billion people would be between $10 billion and $15 billion, according to the Africa Centres for Disease Control.

The continent has secured 36% of its vaccine needs, with 25% of the doses to come from the Covax initiative and 11% from a separate African Union program, Africa’s CDC said.

But it’s far behind the rest of the world in terms of acquisition and inoculations, with richer nations having secured the scarce shots early and some securing more than what’s needed.

South Africa, the continent’s most industrialized nation, is one country that didn’t move quickly to secure vaccines.

Pretoria’s first doses are due to arrive Monday after widespread criticism of the government’s failure to ink agreements for the Covid-19 jabs. 2020.