The Bill & Melinda Gates Foundation has committed US$1.6 billion to the delivery of lifesaving vaccines to the world’s poorest countries.
The fund was given to Gavi, the Vaccine Alliance, to strategically reach an additional 300 million children in the world’s most vulnerable communities and save up to eight million lives, bringing the total number of children immunized with Gavi support to more than one billion since its inception in 2000.
The commitment was announced at the Global Vaccine Summit 2020, hosted by Prime Minister Boris Johnson of the United Kingdom.
Working closely with developing country governments, vaccine suppliers, donors, and other partners around the world, the Alliance has achieved extraordinary results.
The Gates Foundation is also committing $100 million to Gavi’s new effort to purchase COVID-19 vaccines for lower income countries through a new COVID-19 Vaccine Advance Market Commitment.
This includes $50 million of new funding announced today, as well as the foundation’s $50 million pledge that was made at the Coronavirus Global Response International Pledging Event in May. Today’s pledge also includes $75 million to the Gavi Matching Fund that was announced in January 2020.
“Not many people outside the global health sector have heard about Gavi, but over the past twenty years, it has transformed the way the world invests in and protects the health of its children,” said Melinda Gates, co-chair of the Bill & Melinda Gates Foundation. “If the current pandemic has reminded us of anything, it’s the importance of vaccinating against deadly diseases. The pledges that leaders are making today will help Gavi save even more lives