WASHINGTON, US
The World Bank has committed $12 billion to African countries to support vaccination programs across a continent that hasn’t been able to keep pace with developed nations’ roll-outs.
The World Bank money will be in the form of
grants or on “highly concessional terms,” said David Malpass, president of the
World Bank, in a statement following a January 27 virtual meeting on the Africa
Covid-19 vaccine financing and deployment strategy.
“We’re 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,”
said Malpass. “The funds are available now,” he said.
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.
“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. “We urge leaders of African countries to move quickly to secure
vaccinations for their populations, and to avail themselves of the financing
available from us.”
South Africa, the continent’s most
industrialised nation, is one country that didn’t move quickly to secure
vaccines. The first doses are due to arrive on February 1 after widespread
criticism of the government’s failure to sign bilateral agreements with drug
makers in 2020. - Bloomberg
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