More Than $2B Raised For Financing Mechanism To Distribute COVID-19 Vaccines To Poor Nations; Additional Funding Needed, Gavi Says

AP: Europe, Gates pledge funds to get vaccines tor poor nations
“European governments and the Bill & Melinda Gates Foundation pledged Thursday to provide hundreds of millions of dollars in emergency funds for a global effort aimed at ensuring eventual vaccines against the coronavirus are quickly available to poor countries — though it remains unclear how that might actually happen. The money will go to vaccine development and distribution efforts coordinated by a World Health Organization program called ACT-Accelerator. That includes Covax, an ambitious but troubled global project to buy and deliver virus vaccines for the world’s poorest people…” (Cheng, 11/12).

Reuters: Vaccine alliance secures $2 billion to fund COVID shots for poor nations
“A facility set up by the World Health Organization (WHO) and the GAVI vaccine group has exceeded an interim target of raising more than $2 billion to buy and distribute COVID-19 shots for poorer countries, but said it still needs more. … Another $5 billion will be needed in 2021 to procure COVID-19 vaccine doses as they come through development and are approved by regulators, GAVI said in a statement…” (Kelland/Nebehay, 11/12).

Additional coverage of the pledges is available from DW, The Hill, and Reuters.

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