231 Front Street, Lahaina, HI 96761 info@givingpress.com 808.123.4567

Tag: approves

World Bank approves $12B to finance virus vaccines, care

The World Bank has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to 1 billion people.

The $12 billion “envelope” is part of a wider World Bank Group package of up to $160 billion to help developing countries fight the COVID-19 pandemic, the bank said in a statement late Tuesday.

The World Bank said its COVID-19 emergency response programs are already reaching 111 countries.

Citizens in developing countries also need access to safe and effective COVID-19 vaccines, it said.



MBA BY THE BAY: See how an MBA could change your life with SFGATE’s interactive directory of Bay Area programs.


“We are extending and expanding our fast-track approach to address the COVID emergency so that developing countries have fair and equal access to vaccines,” said the bank’s president, David Malpass, said in the statement.

“Access to safe and effective vaccines and strengthened delivery systems is key to alter the course of the pandemic and help countries experiencing catastrophic economic and fiscal impacts move toward a resilient recovery,” he said.

The International Finance Corporation, the private sector lending arm of the World Bank is investing in vaccine manufacturers through a $4 billion Global Health Platform, the World Bank said.

Researchers are working on developing more than 170 potential COVID-19 vaccines.

Development and deployment of such preventive vaccines is crucial to helping stem outbreaks of the coronavirus that has killed more than 1 million people and sickened more than 38 million, while devastating economies and leaving many millions jobless.

The world’s richest countries have locked up most of the world’s potential vaccine supply through 2021, raising worries that poor and vulnerable communities will not be able to get the shots. Meanwhile, an ambitious international project to deliver coronavirus vaccines to the world’s poorest people, called Covax, is facing potential shortages of money, cargo planes, refrigeration and vaccines themselves.

The World Bank said it will draw on expertise and experience from its involvement in many large-scale immunization programs and other public health efforts.

The funding also is meant to help countries access tests and treatments and to support management of supply chains and other logistics for vaccinations in developing countries, the bank said.

Source Article

World Bank Approves $12B to Finance Virus Vaccines, Care | Business News

The World Bank has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to 1 billion people.

The $12 billion “envelop” is part of a wider World Bank Group package of up to $160 billion to help developing countries fight the COVID-19 pandemic, the bank said in a statement late Tuesday.

The World Bank said its COVID-19 emergency response programs are already reaching 111 countries.

Citizens in developing countries also need access to safe and effective COVID-19 vaccines, it said.

“We are extending and expanding our fast-track approach to address the COVID emergency so that developing countries have fair and equal access to vaccines,” said the bank’s president, David Malpass, said in the statement.

“Access to safe and effective vaccines and strengthened delivery systems is key to alter the course of the pandemic and help countries experiencing catastrophic economic and fiscal impacts move toward a resilient recovery,” he said.

The International Finance Corporation, the private sector lending arm of the World Bank is investing in vaccine manufacturers through a $4 billion Global Health Platform, the statement said.

Development and deployment of vaccines is crucial to helping stem outbreaks of the coronavirus that has killed more than 1 million people and sickened more than 38 million, while devastating economies and leaving many millions jobless.

The World Bank said it will draw on expertise and experience from its involvement in many large-scale immunization programs and other public health efforts.

The funding is meant to also help countries access tests and treatments and to support management of supply chains and other logistics for vaccinations in developing countries, the bank said.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source Article

Cy-Fair ISD school board approves additional desk shields for second half of semester

With more students returning for the second half of the fall semester, the Cy-Fair ISD board of trustees approved the purchase of additional desk and tabletop protective dividers for protection during the COVID-19 pandemic.

After Trustee Tom Jackson asked about the desk shields’ effectiveness, Chief of Staff Teresa Hull said the shields have been approved by Memorial Hermann doctors collaborating with the school district and advising the district on precautionary COVID-19 measures.


“When we started looking at the number of students that we anticipated would be returning to campus, especially the second marking period, we reached out to Memorial Hermann and asked that very question,” Hull said. “They felt very strongly that that absolutely was a layer of protection; when you couple it with the mask, it definitely is helping us minimize the number students that may be identified as a close contact (during contact tracing).”

Previously, Chief Financial Officer Karen Smith said the district is working on recovering funds used on COVID-19 precautions and online learning.

“Because we didn’t have face to face (instruction) in the building there are costs we simply did not incur,” Smith said. “But if you recall we have instructional packets that we delivered. We purchased PPE when we were planning for this before COVID actually hit so bad that the schools were closed.”

Cy-Fair ISD has lost $2.2 million in revenue from food services, $16.1 million is expected to be spent from the general fund for the 2020-2021 school year, $500,000 was spent on personal protective equipment and $5.2 million for social distancing measures and more according to the presentation from Oct. 8.

chevall.pryce@chron.com

Source Article