Saturday, February 4, 2023
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • Home
  • Markets & Companies
  • Business & Economy
  • INNOVATION
  • EMPIRE
  • OPINION
  • CULTURAL CURRENTS
  • Features
  • AE Magazine
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

Delaying COVID-19 vaccine rollout’ll cost $13.8bn monthly – W’Bank

Ehime Alex by Ehime Alex
January 30, 2021
in EMPIRE, Front Page
0
AstraZeneca: AZD1222 vaccine met primary efficacy in preventing COVID-19
0
SHARES
18
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

The World Band Group has estimated that Africa will lose $13.8bn in Gross Domestic Product each month it delays prioritising the roll-out of the Coronavirus Disease vaccine.

This is in addition to the loss of lives and human capital, the World Bank President, David Malpass, remarked at the recent virtual meeting on the ‘Africa COVID-19 Vaccine Financing and Deployment Strategy.’

READ ALSO

Ezekwesili appointed WPL board chair

Temporary Closure of All tertiary Institutions to Allow Students Vote: Time for President Muhammed Buhari to Act

Stressing that vaccinations were a huge undertaking for every country, he said, “The World Bank can assist with many aspects, including facilitating the procurement of vaccines.

Read Also:

  • Experts canvass elimination of entitlement syndrome in workplaces
    Experts canvass elimination of entitlement syndrome in…
  • Ezekwesili appointed WPL board chair
    Ezekwesili appointed WPL board chair
  • Temporary Closure of All tertiary Institutions to Allow Students Vote: Time for President Muhammed Buhari to Act
    Temporary Closure of All tertiary Institutions to Allow…

“Inoculating populations will require delivering the vaccines safely and effectively. Cold chain equipment, energy infrastructure, logistics, transport, community engagement and trained human resources are all key areas needed for effective deployment of vaccines.

“Where there are gaps in readiness, we should work quickly to fill them. Since the outbreak of COVID-19 last March, the bank has committed $25bn to African countries to support their health and economic recovery.”

He noted that the bank’s board authorised up to $12bn to support countries in their vaccination efforts.

“We’re preparing emergency vaccine financing projects in 21 countries in Africa, including Democratc Republic of Congo, Ethiopia, Niger, Mozambique, Tunisia, Eswatini and Cabo Verde. The funds are available now, and for most African countries, the financing would be on grant or highly concessional terms,” he said.

According to Malpass, the International Finance Corporation is working to mobilise financing for vaccine production and therapeutics focused on developing countries.

“In implementing our vaccines programmes, we’re working directly with governments, including to finance their purchases from vaccine manufacturers and via COVAX.

“I urge you to focus and prioritise efforts towards these funding programmes, and not slow the momentum through complex contracts and intermediaries. Our financing is available today and vaccine manufacturers are eager to work with countries on delivery dates and direct contracts.

“We urge leaders of African countries to move quickly to secure vaccinations for their populations, and to avail themselves of the financing available from us and other partners to help with this,” he added.

Tags: AfricaCovid-19Vaccine roll-outWorld Bank

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Ehime Alex

Ehime Alex

Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Related Posts

Ezekwesili
EMPIRE

Ezekwesili appointed WPL board chair

February 2, 2023
tertiary Institutions
Front Page

Temporary Closure of All tertiary Institutions to Allow Students Vote: Time for President Muhammed Buhari to Act

February 1, 2023
Plexus Greensage HR meeting
Front Page

Experts canvass elimination of entitlement syndrome in workplaces

January 31, 2023
Zelenskyy
EMPIRE

Zelenskyy names Ezekwesili, others ‘Grain from Ukraine’ envoys

January 27, 2023
Absence of sacrifice hurting our polity, elections – Enechionyia
EMPIRE

Absence of sacrifice hurting our polity, elections – Enechionyia

January 26, 2023
Brands in Nigeria
Front Page

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

January 25, 2023
Next Post
AfCFTA: Customs awaits committee's report on duties, other charges

MAN worries over implementation of AfCFTA


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Ezekwesili

Ezekwesili appointed WPL board chair

February 2, 2023
tertiary Institutions

Temporary Closure of All tertiary Institutions to Allow Students Vote: Time for President Muhammed Buhari to Act

February 1, 2023
Plexus Greensage HR meeting

Experts canvass elimination of entitlement syndrome in workplaces

January 31, 2023
Zelenskyy

Zelenskyy names Ezekwesili, others ‘Grain from Ukraine’ envoys

January 27, 2023
Absence of sacrifice hurting our polity, elections – Enechionyia

Absence of sacrifice hurting our polity, elections – Enechionyia

January 26, 2023
Brands in Nigeria

Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

January 25, 2023
Rhodes Scholarships

Scholarly opportunities in W’Africa and youth development

January 24, 2023

TRENDING

  • Brands in Nigeria

    Afrinvest, Interswitch, Obiano, UBA lead top 10 performing brands

    0 shares
    Share 0 Tweet 0
  • Absence of sacrifice hurting our polity, elections – Enechionyia

    0 shares
    Share 0 Tweet 0
  • Zelenskyy names Ezekwesili, others ‘Grain from Ukraine’ envoys

    0 shares
    Share 0 Tweet 0
  • What naira devaluation means for Nigeria’s economy

    0 shares
    Share 0 Tweet 0
  • Changing face of Nigeria’s financial industry with Optimus

    0 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS