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World Bank Urges Wealthy Nations to Loosen Grip on Vaccine Stocks

World Bank Urges Wealthy Nations to Loosen Grip on Vaccine Stocks

World Bank President David Malpass urged wealthy countries on Wednesday to expedite the release of surplus vaccines to developing nations that now face greater needs by exporting stored doses and relinquishing options for future deliveries.

During a webinar organized by the Financial Times, Malpass stated that the World Bank currently has "strong" financing operations for vaccines in about 18 countries, a number expected to rise to 50 countries and around four billion dollars by mid-year. He emphasized that advanced nations "should give up their control mechanisms over vaccines and allow countries with development systems to start using those systems."

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