Washington, October 14: The World Bank approved USD 12 billion to help developing countries purchase novel coronavirus (COVID-19) vaccines and treatments, the organization said in a statement.

"The World Bank's Board of Executive Directors today approved an envelope of USD 12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens," the release said on Tuesday.

Also Read | Aarogya Setu App of India Gets Praise From WHO For Helping Health Departments in Identifying COVID-19 Clusters.

The World Bank seeks to support the vaccination of up to a billion people, the release said. The USD 12 billion is part of the World Bank Group's package to provide up to $160 billion through June 2021 to help more than 100 countries.

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)