The World Bank’s agreement with COVAX, which is backed by the World Health Organization and the Global Alliance for Vaccines and Immunization , will help low- and middle-income countries access additional doses of vaccines, on top of the fully-subsidized doses they are already receiving.
Only 1.1% of people in these countries have received at least one dose, compared to 26.9% of the total world population, according to figures from Our World in Data. The new arrangement calls for countries that already have World Bank-approved vaccine procurement projects to request vaccine purchases through COVAX, and ask the World Bank to pay the costs on their behalf using the existing project financing.
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