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Monday, January 18, 2021

Vaccine Alliance Raises $2 Billion to Buy COVID Vaccinations for Impoverished Nations

The World Health organization (WHO) and the GAVI vaccine group has set up a facility that has exceeded the target of raising more than $2 billion to distribute and purchase COVID-19 vaccinations for poorer countries.

The World Health organization (WHO) and the GAVI vaccine group has set up a facility that has exceeded the target of raising more than $2 billion to distribute and purchase COVID-19 shots for impoverished countries, 

According to the GAVI alliance on Friday, the funds that are for an advance market commitment (AMC) will allow the COVAX facility to purchase an initial $1 billion vaccine doses for over 92 eligible countries that would not be able to afford them

.“We’ve seen sovereign and private donors from across the world dig deep and help meet this target,” Seth Berkley, the GAVI chief, said.

Berkley added that there is also  an “urgent need” to finance diagnostics and treatments.

Another $5 billion will also be needed in 2021 to obtain the COVID19 vaccine doses as they will come through development and are accepted by regulators.

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