The president of the World Bank says that while a shortage of vaccines remains the biggest obstacle to inoculating people in the developing world, increased production in the United States may be able to meet growing demand. "We, the World Bank, have programs in 28 countries now and very quickly [we will have] 50 countries ready to provide capacity to actually administer vaccines. But still, the delivery schedules are the biggest challenge," David Robert Malpass told CBC News Network's Power & Politics in an interview airing today. While the World Trade Organization is considering a proposal to waive patents on vaccines, Malpass said, the World Bank instead supports licensing vaccine patents to developing countries and providing funding to support production. "The part of the World Bank called the International Finance Corporation has funding and makes debt and equity investments in companies in the developing world to make vaccines.

Source: CBC News June 09, 2021 20:15 UTC