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World Bank finances pooled medicine purchases

By , based on Infomediaire

World Bank finances pooled medicine purchases

The World Bank and the Global Fund have signed an agreement allowing countries to use World Bank financing to buy health products through the wambo.org platform. The voluntary scheme, open to eligible countries, aims to cut costs and secure supplies as part of a partnership mobilising at least $2 billion over three years.

The Global Fund to Fight AIDS, Tuberculosis and Malaria and the World Bank Group signed an agreement on 28 October allowing countries to use World Bank financing to buy health products through the wambo.org pooled procurement platform.

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