COVID-19: World Bank okays $12bn for developing nations to buy vaccines

COVID-19: World Bank okays $12bn for developing nations to buy vaccines

- Developing nations will be getting $12 billion for the purchase of COVID-19 vaccines

- The fund was approved by the World Bank on Wednesday, October 14

- The global financial institution stated that the grant came after the decision of its board of executive directors

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The international community has not relented in its efforts to help developing countries around the world cope with the effects of COVID-19.

The World Bank has unveiled its plan to assist not less than 100 nations in this category with about $160 billion till June of 2021.

COVID-19: World Bank okays $12bn for developing nations to buy vaccines

World Bank has approved the sum of $12bn for developing nations to buy vaccines (Photo credit: World Bank Blogs)
Source: UGC

To kickstart this project, the bank recently approved for disbursement the sum of $12 billion for such countries to develop or buy vaccines.

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Meanwhile, the Australian government was considering banning citizens in the country from flights, restaurants, and public transportation if they did not get a COVID-19 vaccine.

Dr Nick Coatsworth, the deputy chief medical officer, made the disclosure on Wednesday, August 19, at a press conference.

According to Coatsworth, health officials and ministers would discuss measures to encourage Australians to take the coronavirus vaccine.

He said:

"Looking at specific things like not being able to go into restaurants, not being able to travel internationally, not being able to catch public transport... these are clearly policy decisions that will be discussed."

The deputy chief medical officer went on to add that there is currently no mechanism to enforce the rule.

Coatsworth said the people could be given certificates by the government to prove they have taken the vaccine.

Scott Morrison, the prime minister of Australia on his part speaking in a radio interview said he would make the coronavirus vaccine compulsory.

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However, thousands of anti-vaxxers had bombarded politicians when news of the vaccine broke saying they will not take it.

By early 2021, the Australian government hopes a coronavirus vaccine will reach the country as they have signed a deal to bring Oxford University's vaccine as soon as it is approved.

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