The world Bank has announced the launch of the financial platform to promote the production and supply of medical products in developing countries. The total funding will amount to $ 4 billion, the project aims to assist poor countries in the fight against coronavirus infection, writes Reuters.
The funds are intended to Finance projects for the production of personal protective equipment, medical ventilators, test systems and other health products. It is expected that the international Finance Corporation will provide $ 2 billion, the remaining funds will attract private investors.
First and foremost under the initiative of the world Bank will be supplied medical products for immediate use for treatment COVID-19 and preventing its spread, then the funding will focus on providing the infrastructure necessary to reduce its exposure to markets of poor countries from international players.
According to estimates of the who global health funds to fight coronavirus infection now exceeds $ 60 billion. The international Finance Corporation is also working with the GAVI Alliance to produce vaccines against coronavirus in developing countries.