The World Bank has cut its growth forecast for low-income countries, many in sub-Saharan Africa, to 2.9 per cent this yearThe United States is buying 500 million doses of the Pfizer-BioNTech vaccine to donate to the 100 poorest countries amid warnings that the developing world will struggle to recover from the pandemic. President Biden is expected to announce the plan at the G7 summit in Cornwall, which starts tomorrow. His administration has said previously that it would share at least 80 million doses with the world by the end of this month. SponsoredUnder the deal the US would pay the “not for profit” price for the doses. The proposal comes after the World Bank predicted a widening wealth gap in the pandemic’s aftermath, with rich nations growing faster while many poorer

Source: The Times June 09, 2021 23:06 UTC