Even as the wealthiest nations begin to enjoy a return to prosperity and a semblance of normality, the pandemic continues to ravage the poorest countries. For six decades, the International Development Association (IDA) has been a trusted partner in Africa, supporting people and economies through crises. In the face of the COVID-19 pandemic, IDA stands ready to work for Africa.
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.
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.