GENEVA, July 27 — A new World Bank financing mechanism will allow developing countries to purchase Covid-19 vaccines collectively through the Covax facility, it was announced Monday.
Using money from the World Bank and other development banks, the facility says it will make advanced purchases from vaccine manufacturers based on aggregated demand across countries. Covax is co-led by the World Health Organization , the Gavi vaccine alliance and the Coalition for Epidemic Preparedness Innovations.
Nearly 3.9 billion doses of Covid-19 vaccines have been injected around the world in at least 216 territories, according to an AFP count.
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