Up to 70 per cent of world population can be vaccinated against COVID-19 by 2023

"By the end of this year, we'd like to see 4 per cent vaccinated, and by the end of next year, 60 per cent or even 70 per cent vaccinated (across) the world," Malpass said on Monday. "But the challenge is what you do in October, November and December. The countries need advance notice of which vaccines are going to be arriving. And that's been a big challenge, the transparency of their delivery schedules. We have called on the manufacturers to try and make that more clear."

Malpass, who also serves as chairman of a global task force of multilateral agencies coordinating vaccine deliveries, said his focus was on getting the doses supplied as quickly as possible to the developing world where they were in short supply.

"The critical thing is for the advanced economies... that have committed to the donations to accelerate the delivery schedules," he said. "We've advocated that they swap their near-term deliveries that they don't need - the data shows there's 2.5 million excess doses that's going to be coming online in the advanced economies - and so the critical thing is to take the early delivery schedules and make them available to developing countries."

While huge vaccine donations have been announced, the reality of the situation was that actual deliveries into the developing world have been small, resulting in only two per cent of vaccinations, Malpass said.

"The good news is there's a huge amount of volume of production from the advanced economies side. We are talking about even by the end of this year, billions of doses," he added.