With expectations to reach 50 countries amounting to $4 billion by mid-year, the World Bank Group is working with partners on the largest vaccination effort in history to stop the COVID-19 pandemic.
On April 2, 2020, at the initial COVID-19 response phase, the World Bank’s Board of Executive Directors approved a $6 billion Global COVID-19 Response Program (also called the COVID-19 Strategic Preparedness and Response Program, or SPRP).
The program has reached over 100 countries with emergency operations to prevent, detect, and respond to COVID-19 and strengthen systems for public health preparedness.
The timing of potential vaccine development was not known when the SPRP was approved, but global vaccine development efforts progressed rapidly. Recognizing the need for COVID-19 vaccines, on October 13, 2020, the World Bank Board approved an additional financing of $12 billion to the SPRP for developing countries to finance the acquisition and distribution of COVID-19vaccines, aiming to support vaccination of 1 billion people globally