Global leaders rally to accelerate access to COVID-19 vaccines for lower-income countries

Milestones :: Perspectives :: Research

 

COVID 19 Vaccines – Access

Global leaders rally to accelerate access to COVID-19 vaccines for lower-income countries
:: The “One World Protected” Event, hosted today by the United States and Gavi, the Vaccine Alliance, launched a campaign to raise US$ 2 billion for the global fight against COVID-19.

 

:: The additional funding from donors and countries with MDB support will enable the Gavi COVAX Advance Market Commitment (AMC) to secure 1.8 billion doses of COVID-19 vaccines for 92 lower-income countries by the end of the year.

:: At the event, governments and private sector partners made early pledges worth nearly US$ 400 million and committed to donate millions of COVID-19 vaccine doses to COVAX to benefit the most vulnerable in lower-income economies.

 

:: The new campaign will culminate in June 2021, at the Gavi COVAX AMC Summit, which will be hosted by Prime Minister Yoshihide Suga of Japan.

Washington, D.C./Geneva, 15 April 2021 – World leaders joined forces today at the “One World Protected” event to take stock of progress in global efforts to ensure equitable access to COVID-19 vaccines and seek ways to further accelerate vaccination. The event, hosted by US Secretary of State Antony J. Blinken, Acting Administrator of USAID Gloria Steele, and Chair of the Board of Gavi José Manuel Barroso, was joined by more than 200 participants, including leaders from government, business, civil society, and partner organizations across the globe.

In a vital step on the path to providing global protection against COVID-19, a new Investment Opportunity was unveiled, launching a campaign to raise an additional $US 2 billion from donors and the private sector for the Gavi COVAX Advance Market Commitment (AMC). With this funding, the COVAX mechanism can lock in up to 1.8 billion vaccine doses for people at risk in 92 lower-income economies and accelerate coverage. The campaign will also aim to mobilize $US 1 billion in cost sharing from countries through domestic resource mobilization and the support of multilateral development banks (MDBs)…

 

New commitments to the Gavi COVAX AMC
At the event today, a number of donor governments announced significant new commitments worth a total of almost $400 million towards the 2021 goal. This includes:

:: SEK 2.25 billion (US$ 258.1 million) pledge from Sweden for the International Finance Facility for Immunisation (IFFIm), Gavi’s innovative financing mechanism.
:: EUR 40 million (US$ 47.2 million) from the Netherlands for the Gavi COVAX AMC
:: DKK 50 million (US$ 8 million) from Denmark for the Gavi COVAX AMC
:: CHF 100,000 (US$ 106,000) from Liechtenstein for the Gavi COVAX AMC
:: EUR 678,125 (US$ 800,188) from Portugal for the Gavi COVAX AMC

In addition to these, private sector partners and foundations also mobilised significant new resources for the Gavi COVAX AMC:
:: The Bill & Melinda Gates Foundation announced that US$ 30 million of its contribution to the Gavi Matching Fund would be made available to match private sector contributions to the COVAX AMC.
:: Gates Philanthropy Partners have mobilized US$ 18 million.
:: A Swiss foundation wishing to remain anonymous also offered CHF 15 million (US$ 15.9 million) to incentivize private sector giving.
:: Google.org have committed US$ 2.5 million to the COVAX AMC and in parallel will launch a global campaign incentivising employees to contribute directly to Gavi. In addition, Google.org has donated US$ 15 million in Ad credits to Gavi. Longer term, Google.org engineers will also support Gavi’s broader innovation agenda.
:: The Asia Philanthropic Circle joined as a new partner and pledged US$ 1.5 million.
:: The Visa Foundation joined as a new partner and pledge US$1.5 million. Visa will also match employee donations to Gavi dollar for dollar through Visa’s employee donation matching program.
:: A group of Portuguese philanthropists and partners (Fidelidade Group, Luz Saúde Hospitals and Multicare Insurance, Manuel António da Mota Foundation, the Ismaili Imamat and Caixa Geral de Depósitos) collectively committed EUR 1.5 million (US$ 1.8 million).
:: Vaccine Forward (including AB SKF) have contributed SEK 2 million (US$ 230,000) to-date, with the aim to mobilise up to US$10 million.

The cash contributions from Google, the Asia Philanthropic Circle and the Visa Foundation will be matched by the Bill & Melinda Gates Foundation.

“Equitable distribution of vaccines offers the best prospect for ending the pandemic, kick-staring economic recovery and overcoming the vaccine divide between those with access to COVID-19 vaccines and those without,” said José Manuel Barroso, Chair of the Board of Gavi. “We are not there yet: while COVAX has begun delivering to AMC participating economies, we urgently need additional funding to protect those most at risk from the virus. I applaud leaders for stepping up and showing their support today as we embark on this vital fundraising effort.”

 

First commitments to dose sharing through COVAX
In addition to financial support, new pledges in support of dose sharing through COVAX were announced at the event. Under this scheme, countries will be able to donate millions of doses of their own COVID19 vaccines to COVAX in an act of global solidarity. As part of this effort, New Zealand committed today that it will donate more than 1.6 million doses of vaccines to COVAX, with a focus on the Pacific region. France welcomed the finalization of a new agreement between COVAX and Team Europe on the provision of doses which will ensure the first French and European donations via COVAX will materialize shortly…