World Bank Financing for COVID-19 Vaccine Rollout Exceeds USD$4 Billion for 50+ Developing Countries
The World Bank announced today that it is providing over USD$4 billion for the purchase and deployment of COVID-19 vaccines for 51 developing countries, half of which are in Africa. More than half of the financing comes from the International Development Association (IDA), the Bank’s fund for the world’s poorest countries, and is on grant or highly concessional terms.
What You Need to Know About the World Bank Group's 2nd Climate Change Action Plan
The new Climate Change Action Plan will increase high-impact support to deliver climate results, targeted towards reducing the trajectory of emissions and strengthening adaptation and resilience in developing countries. The Plan comes as countries seek sustainable pathways out of the disruption caused by the COVID-19 pandemic.
World Bank and African Union Team Up to Support Rapid Vaccination for Up to 400 Million People in Africa
In a boost to the African Union’s target to vaccinate 60% of the continent’s population by 2022, the World Bank and the AU announced that they are partnering to support the Africa Vaccine Acquisition Task Team (AVATT) initiative with resources to allow countries to purchase and deploy vaccines for up to 400 million people across Africa.
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The World Bank Group has two goals,
to end extreme poverty and promote shared prosperity in a sustainable way
Who we areAccess the World Bank's portfolio of more than 12,000 development projects, including current and historical data since 1947.