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08/12/2025 06:18 AST
The World Bank Group said on Saturday it is working with global vaccine alliance Gavi to strengthen financing for immunization and primary healthcare systems, planning to mobilize at least $2 billion over the next five years in joint financing.
The two organizations will also work together to advance vaccine manufacturing in Africa as part of a World Bank goal to help countries reach 1.5 billion people with quality, affordable health services by 2030, Reuters quoted the World Bank as saying.
Gavi is a public-private partnership that helps vaccinate more than half the world's poorest children against diseases.
"Our expanded collaboration with the World Bank Group reflects a long-standing joint effort to support countries as they build robust and resilient health systems," said Sania Nishtar, Gavi's chief executive.
US Health Secretary Robert F. Kennedy Jr. said in June the United States would no longer contribute funding to Gavi, alleging that the group ignores safety and calling on it to "justify the $8 billion that America has provided in funding since 2001."
The Trump administration had also indicated in March it planned to cut annual funding of around $300 million for Gavi as part of a wider pullback from international aid.
In June, Gavi had more than $9 billion, less than a target of $11.9 billion, for its work over the next five years helping to immunize children.
Other donors, including Germany, Norway and the Gates Foundation, have pledged money this year for Gavi's future work.
Asharq Al Awsat
29/10/2025
Damac Properties, the UAE's largest private luxury real estate developer with an extensive global footprint, has announced a new opportunity for travellers, dreamers, and creators across the globe: t
Trade Arabia
24/09/2025
DAMAC Properties has opened a new Sales and Client Experience Centre at DAMAC Lagoons. Conceived as an immersive experience rather than a traditional sales office, the new centre showcases DAMAC's la
Gulfnews
11/09/2025
DAMAC Properties, the Middle East's leading luxury real estate developer, has launched DAMAC District, an innovative, integrated community that seamlessly combines living, working, and recreation in
Gulfnews
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
08/12/2025
Netflix on Friday agreed to buy Warner Bros Discovery's TV, film studios and streaming division for $72 billion, a deal that would hand control of one of Hollywood's most prized and oldest assets to
Reuters
08/12/2025
The amount of Bitcoin available to be bought or sold today is far smaller than most people realise, and an industry expert says this is creating a historic supply squeeze that is fundamentally reshap
Khaleej Times
04/12/2025
US President Donald Trump with Crown Prince Mohammed bin Salman of Saudi Arabia during an arrival ceremony at the White House in Washington, Nov. 18, 2025. So far, the president's energy strategy has
Khaleej Times
04/12/2025
Turkish inflation eased to 31.07% annually and 0.87% month-on-month in November, both below expectations due to food prices, official data showed on Monday, reinforcing expectations of another intere
Asharq Al Awsat
04/12/2025
Bitcoin's plunge below $85,000 this week has sent a shudder through global cryptocurrency markets, erasing billions in value and reigniting concerns over the sector's fragility.
The world's
Khaleej Times
Financial Information Co.
Saudi Arabia