World Bank approves US$474 million loan to South Africa for COVID-19 vaccines

📆 6/14/2022 11:23 AM
📰 ChannelNewsAsia

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The World Bank has approved a loan of €454.4 million euros (US$474.4 million) to help South Africa fund COVID-19 vaccine purchases, the bank and South Africa\u0027s National Treasury said in a statement. South Africa has recorded the most coronavirus cases and deaths on the African continent, with more than\u0026n

The World Bank has approved a loan of €454.4 million euros to help South Africa fund COVID-19 vaccine purchases, the bank and South Africa's National Treasury said in a statement.

It initially struggled to secure vaccines due to limited supplies and protracted negotiations, but it is now well-supplied with doses.

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