World Bank to provide $20-25 million for purchase of coronavirus vaccines

AKIPRESS.COM - World Bank will allocate $20-25 million for purchase of coronavirus vaccines, World Bank Country Manager Naveed Hassan Naqvi told media representatives on March 16. This sum may be increased if necessary, he said.
Priority will be given to officially registered vaccines, he added.
The country will decide on what vaccines and how many vaccines are needed, Naveed Hassan Naqvi stated.
The provided funding will be 50% grant and 50% loan at 0.75% per annum. The maturity period will be 38 years. Grace period will make 6 years.