World Bank approves $12 billion to finance virus vaccines.
The World Bank has approved $12 billion in financing to help developing countries buy and distribute vaccines, tests, and treatments for global pandemic aiming to support the vaccination of up to 1 billion people.
The $12 billion "envelop" is part of a wider World Bank Group package of up to $160 billion to help developing countries fight the current global pandemic.
The World Bank said its global pandemic emergency response programs are already reaching 111 countries.
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