World Bank Chief Says Does Not Support Vaccine Intellectual Property Waiver at WTO

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World Bank President David Malpass said on Tuesday that the bank does not support waiving intellectual property rights for COVID-19 vaccines, out of concern that it would hamper innovation in the pharmaceuticals sector. Malpass, asked during a media call about new World Bank economic forecasts whether he supports WTO negotiations for a vaccine waiver, said:


World Bank President David Malpass said on Tuesday that the bank does not support waiving intellectual property rights for COVID-19 vaccines, out of concern that it would hamper innovation in the pharmaceuticals sector.

Malpass, asked during a media call about new World Bank economic forecasts whether he supports WTO negotiations for a vaccine waiver, said: “We don’t support that, for the reason that it would run the risk of reducing the innovation and the R&D in that sector.”

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