The World Bank cash might be within the type of grants or on “highly concessional terms.”

Bloomberg, Africa

PUBLISHED ON JAN 30, 2021 02:14 PM IST

The World Bank has dedicated $12 billion to African nations to assist vaccination applications, the South African Presidency mentioned in a press release on its web site on Saturday.

The World Bank cash might be within the type of grants or on “highly concessional terms,” South African President Cyril Ramaphosa mentioned within the assertion.

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The assertion follows a Jan. 27 digital assembly on the Africa Covid-19 vaccine financing and deployment technique, which was attended by David Malpass, president of the World Bank.

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