The World Bank said the $195.8 million would be spread across dozens of the world’s lowest-income countries. The amounts to be received are determined by population size and reported cases, with a minimum of $1 million and maximum of $15 million per country. A heavier weight is given to countries classified as “fragile or conflict-affected,” the bank said.
The majority of the bond’s eligible beneficiaries are African countries, including Ethiopia, Ghana, Kenya, Nigeria, Tanzania and Zimbabwe. Outside of sub-Saharan Africa, countries including Afghanistan, Bangladesh and Cambodia are also eligible.