Home Business Health Poor Countries Need Billions For Vaccination – World Bank
Health

Poor Countries Need Billions For Vaccination – World Bank

Share
Share

Overcoming the economic consequences of the coronavirus pandemic requires international cooperation and debt reduction in poor countries, according to World Bank President David Malpass.

This is what the head of the global finance and development organisation told the Italian newspaper La Stampa ahead of an online meeting of the G20 group on Friday.

“Some of the countries are seeing a strong recovery now.

“That’s going to help everyone else – we all benefit from that,” Malpass explained, referring to the global economy.

“But in order to actually have a resilient recovery, we need the growth to come from the poorer countries.

“One key element of this is on the debt side – to have the debt levels become more sustainable, that means they need to be lower,” Malpass added.

This is important, he said, so that these countries can channel resources into education, health, and climate.

On vaccination programmes, Malpass said the World Bank was working hard to supply poorer countries and accelerate vaccination there.

“I hope to have more than 3 billion dollars of committed vaccination funding by March and April.

The G20 finance ministers and central bank governors are to meet for deliberations via video link on Friday, with no concrete results expected to be released.

U.S. Treasury Secretary Janet Yellen recently spoke out in favour of increasing the financial clout of the International Monetary Fund to help poorer countries battling the pandemic.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

NNPC Ltd Begins Free Cancer Screening Campaign, Targets 3,000 Nigerians

The Nigerian National Petroleum Company Ltd (NNPC Ltd) through NNPC Foundation, its...

World Bank Confirms $500m COVID-19 Grant For Nigeria

The World Bank has announced a 500-million-dollar grant to support Nigeria’s recovery...

18 million Residents To Benefit From Vaccine Preventable Diseases

The Lagos State Government has said that no fewer than 18 million...

Nigeria: FG Unveils Strategic Blueprint To Address Health Sector, Challenges

The Federal Government of Nigeria has announced a strategic plan to overhaul...