World Bank Pledges $12 Billion For Vaccinations in Africa

As the South African Presidency said in a statement on its website on Saturday, the World Bank has pledged $12 billion to African countries to finance vaccination programs.

In the speech, South African President Cyril Ramaphosa said the World Bank money will be in the form of grants or on “highly concessional terms.”

The statement follows a virtual meeting on the Africa Covid-19 vaccine financing and deployment strategy on Jan. 27, attended by World Bank President David Malpass.

Educator, writer and legal researcher at Alafarika for Studies and Consultancy.

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