The World Bank on Tuesday announced the approval of a $ 12 billion aid plan to ensure developing countries rapid access to vaccines when they become available.

This envelope will be used to “finance the purchase and distribution of vaccines, tests and Covid-19 treatments for their citizens,” said the Washington institution in a press release.

According to her, this could make it possible to vaccinate “up to a billion people”.

The announcement, made on the sidelines of the fall meetings of the World Bank and the International Monetary Fund, comes as two clinical trials were suspended in 24 hours.

American pharmaceutical companies Johnson & Johnson and Eli Lilly on Monday and Tuesday suspended clinical trials, for the first of a vaccine and for the second of an experimental treatment against Covid-19, the time to assess possible effects secondary among participants, a new setback in the fight against the pandemic that is raging in the world.

The World Bank intends, with this announcement, to send “the signal to the research and pharmaceutical industry that citizens of developing countries must also have access to safe and effective Covid-19 vaccines”.

It will also provide technical support to prepare countries for large-scale vaccine deployment, in coordination with international partners.

This funding is part of a World Bank Group aid package of up to $ 160 billion and extending until June 2021 to help developing countries fight the Covid-19 pandemic, also specified the institution of Washington.

“Access to safe vaccines”

“Access to safe and effective vaccines and to strengthened distribution systems is essential to alter the course of the pandemic and help countries facing catastrophic economic and fiscal impact move towards resilient recovery,” said David Malpass. , the president of the World Bank quoted in the press release.

On the IMF side, the chief economist, Gita Gopinath, herself insisted on Tuesday on the need to control the virus to allow a real global recovery.

“At the moment, we are living with the virus,” she said at a press conference presenting the latest global economic forecasts.

And, in the absence of vaccines, social distancing or partial containment measures cannot be lifted, hampering recovery.

The approval by the Board of Directors of the World Bank was awaited since David Malpass himself had unveiled this project at the end of September.

He then believed that an “effective and safe” Covid-19 vaccine was fundamental for the world to be able to reopen safely.

While the vaccines are not yet marketed, he also noted in an interview with the French daily Le Figaro, the need to anticipate “because the process of distributing a vaccine is complex”.

He pointed to the “solid” experience of the World Bank in terms of vaccination programs, with polio, measles or even in crisis management such as Ebola.

IMF Managing Director Kristalina Georgieva has also been hammering for weeks that the key to this pandemic is to ensure that all innovations (tests, treatments or vaccines) are produced on a large scale and for the benefit of all countries, the most poor understood.

“This effort should include a strong multilateral component to help distribute doses (of vaccines) to all countries at affordable prices,” said Gita Gopinath on Tuesday.

10/14/2020 09:17:56 –
Washington (hooly News) –
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