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World Exclusive: World Bank seeks board approval for $12 billion coronavirus vaccine financing plan

00:02  30 september  2020
00:02  30 september  2020 Source:   reuters.com

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David Malpass wearing a suit and tie smiling at the camera: FILE PHOTO: World Bank Group President Malpass attends news conference after meeting at Chancellery in Berlin © Reuters/HANNIBAL HANSCHKE FILE PHOTO: World Bank Group President Malpass attends news conference after meeting at Chancellery in Berlin

WASHINGTON (Reuters) - World Bank President David Malpass said on Tuesday he is seeking board approval for a $12 billion coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of vaccine doses when they become available in the coming months.

Malpass told Reuters in an exclusive interview that the initiative, part of $160 billion in coronavirus aid financing pledged by the multilateral lender, is aimed at helping countries procure and distribute vaccines early to health care and other essential workers and expand global production.

(Reporting by David Lawder; Editing by Lisa Shumaker)

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