The Vaccine Alliance, Gavi has welcomed pledges that has been made this week in support of the Gavi COVAX AMC, a financing mechanism that will support 92 low- and middle-income countries’ access to safe and effective COVID-19 vaccines.
The approximately US$958 million in commitments made by the United Kingdom, Canada, Germany, Italy and Sweden this week, mean that nearly US$ 1.7 billion has been raised for the Gavi COVAX AMC.
The details of the Gavi COVAX AMC pledges received this week are as follows:
- The United Kingdom pledged up to £ 500 million (approximately US$ 640 million) to the Gavi COVAX AMC.
- This commitment includes £1 in matched funding for every US$ 4 committed by others, to an amount up to £250 million.
- This is in addition to an earlier US$ 61 million pledged by the United Kingdom for the COVAX AMC at the Global Vaccine Summit on June 4, bringing the total contribution to US$ 701 million;
- Canada pledged CAD 220 million (approximately US$ 166 million) to the Gavi COVAX AMC.
- This amount is in addition to the US$ 25 million pledged by Canada for the COVAX AMC at the Global Vaccine Summit on June 4, bringing the total contribution to US$ 191 million;
- Germany confirmed that the EUR 100m (approximately US$ 120 million) pledged at the Global Vaccine Summit on June 4, as special funds for Gavi to combat COVID-19, will go towards the Gavi COVAX AMC;
- Italy pledged EUR 20 million (approximately US$ 23 million) to the Gavi COVAX AMC.
- This is amount is in addition to the US$ 79 million pledged by Italy for the COVAX AMC at the Global Vaccine Summit on June 4, bringing the total contribution to US$ 102 million;
- Sweden pledged SEK 100 million (approximately US$ 12 million) to the Gavi COVAX AMC.
For more information, visit https://news.fundsforngos.org/humanitarian-relief/gavi-receives-approx-us1bn-for-equitable-access-to-covid-19-vaccines/
