COVID-19 Daily Update Gates Foundation Gives US$1.6bn for Lifesaving Vaccines for World's...

Gates Foundation Gives US$1.6bn for Lifesaving Vaccines for World’s Poorest Countries

-

- Advertisment -

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Spangler Got Talent 2020: Claire Emerges Winner, Walks Away With 1million Naira

By Adenike Fagbemi | 24year Old Nwafor Akunna Claire has emerged winner of the Spangler Got Talent Hunt 2020 as...

Jimmy Johnson, ‘Village Headmaster’ Actor Dies at 80

Veteran Actor, Writer and Broadcaster Jimmy Johnson has passed away on July 8 after complications from surgery in an...

SERAP Set to Host #NoCorruptionDay Challenge

Socio-Economic Rights and Accountability Project (SERAP), a public interest organization will be hosting a challenge geared towards tackling corruption...

APC Chairman Resigns In Ondo, Joins PDP

Samuel Olorunwa, chairman of the All Progressives Congress (APC) in Ese-Odo local government area of Ondo state, has resigned...

Osinbajo’s Daughter Cries Out.. It’s a lie: N800m Abuja property doesn’t belong to me – Kiki Osinbajo

Vice President Yemi Osinbajo’s daughter, Kiki has denied Jackson Ude’s allegation that she invested N800 million in the property...

TAAT opens a new frontier for Wheat in Ethiopia

Recent high-level monitoring visits to TAAT programme sites in Ethiopia show that adoption of new wheat varieties, coupled with...

Must read

Jimmy Johnson, ‘Village Headmaster’ Actor Dies at 80

Veteran Actor, Writer and Broadcaster Jimmy Johnson has passed...

Lagos Assembly Member,Representing Kosofe Constituency 2, Tunde Braimoh is Dead.

The lawmaker representing Kosofe Constituency 1 at the Lagos...
- Advertisement -

You might also likeRELATED
Recommended to you