Biden to pledge US$4 bln to COVAX vaccine program at G7 meeting Friday

Friday, 2021-02-19 10:48:05
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The COVAX program, co-led by the World Health Organization, aims to ensure a fair supply of coronavirus vaccines around the world.
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The Biden administration will pledge US$4 billion to a vaccination program for poorer countries at a global economic summit on Friday in hopes that other countries will follow suit and contribute additional funds, US officials said on a Thursday press call.

At a meeting of the Group of Seven nations, a summit for the world’s largest economies, the White House will announce plans to immediately grant US$2 billion to the international COVAX program, which aims to ensure a fair supply of coronavirus vaccines around the world, officials said.

The United States will supply the remaining US$2 billion over the next two years as other nations fulfill their own pledges, the officials said. The funding was approved by Congress earlier this month.

Reuters