As of Monday, a new financing mechanism initiated by the World Bank will allow developing countries to buy COVID-19 vaccine doses collectively from the Covax facility. Covax was set up to ensure that 92 developing territories would be able to access coronavirus vaccines to fight the pandemic, with the cost covered by donors. Under the World Bank financing arrangement, up to 430 million additional doses, or enough doses to fully vaccinate 250 million people, would be available for delivery from late 2021 to mid-2022 for these 92 countries.