$700 million raised so far to buy future COVID-19 vaccines for poor countries: WHO

The COVAX Advanced Market Commitment has an initial target of $2 billion to purchase the vaccines.

International donors have raised $700 million in order to procure future COVID-19 vaccines for poor nations under a global initiative to ensure eventual vaccines do not go only to rich countries, a WHO official said on Thursday.

The COVAX Advanced Market Commitment has an initial target of $2 billion to purchase the vaccines.

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“Up to today, what has been mobilised so far is $700 million. So, there is a great deal of work to be done to diversify the possible sources of funding,” Matshidiso Moeti, Africa regional director for the WHO, said.

It should be mentioned here that COVAX is co-led by the GAVI Vaccine Alliance, the World Health Organisation and the CEPI (Coalition for Epidemic Preparedness Innovations).