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Vaccine Alliance Raises $2 Billion to Buy COVID Shots for Poor Nations


A group that since 2020 has protected half of the world’s children against some of the deadliest diseases has announced new donations to its fund that aims to protect the world’s adults against the new coronavirus pandemic.

Photo from Cepi.net

Gavi, the Vaccine Alliance says it received $ 360 million from the European Commission, France, Spain, the Republic of Korea and the Bill & Melinda Gates Foundation to bring its total fundraising income, so far, to $ 2 billion .

This funding will allow Gavi COVAX AMC to reserve and access 1 billion doses for low- and middle-income economies.

The announcements come as 94 higher-income economies have officially joined. the COVAX installation, a global effort to ensure rapid and equitable access to safe and effective COVID-19 vaccines for the most vulnerable groups around the world.

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“We are incredibly grateful for the support received so far. Not only does this vital funding help us ensure that low-income economies are not left at the bottom of the queue when safe and effective COVID-19 vaccines become available, it will also play a vital role in ending the acute phase of this pandemic around the world. ”Said Dr. Seth Berkley, CEO of Gavi, the Vaccine Alliance.

“We urgently need to raise at least an additional $ 5 billion by the end of 2021 to ensure the equitable distribution of these vaccines to those who need them.”

The details of the latest Gavi COVAX commitments received are as follows:

  • The president of the European Commission pledged 100 million euros, a promise in addition to the 400 million euros in guarantees approved by the European Investment Bank (EIB) on Wednesday.
  • France promised 100 million euros
  • Spain confirmed that 50 million euros
  • The Bill and Melinda Gates Foundation pledged $ 50 million to Gavi COVAX AMC. This amount is in addition to the 106 million dollars pledged by the Foundation for the COVAX AMC, bringing its total contribution to $ 156 million.
  • The Republic of Korea pledged $ 10 million in new funding

Bill and Melinda Gates The Foundation also committed An additional $ 20 million for CEPI, which is leading COVAX vaccine research and development work to develop safe and effective vaccines that can be made available to countries participating in the COVAX Facility. CEPI currently supports nine candidate vaccines; eight of which are currently in clinical trials. Governments, vaccine manufacturers (beyond their own R&D spending), organizations, and individuals have committed $ 1.3 billion for vaccine R&D so far.

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The COVAX installation is part of COVAX and Access to COVID-19 Tools Accelerator, which is co-led by CEPI, the Coalition for Epidemic Preparedness Innovations, Gavi, Vaccine Alliance and the World Health Organization, in collaboration with UNICEF, the World Bank and others.

COVAX is the only global initiative that works with governments and manufacturers to ensure that COVID-19 vaccines are available worldwide for economies of all financial means.

Over the past two decades, Gavi has helped immunize an entire generation – more than 822 million children – and averted more than 14 million deaths, helping to cut infant mortality in half in 73 developing countries. To learn more at Gavi.org.

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