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EU increases its contribution to COVAX to €500 million to secure COVID-19 vaccines for low and middle-income countries

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The European Union has announced it will contribute an additional €100 million in grant funding to support the COVAX Facility to secure access to the future COVID-19 vaccine in low and middle-income countries. The funds will complement the €400 million in guarantees the EU already committed for COVAX, making the Union one of the leading donors. With this new contribution, the EU is further stepping up investment in support of the global recovery.

European Commission President Ursula von der Leyen, made the announcement at the virtual Paris Peace Forum, where world leaders and international organizations are discussing the global response and the recovery from the pandemic. Also attending were the International Partnerships Commissioner Jutta Urpilainen, and Health and Food Safety Commissioner Stella Kyriakides.

The proposed allocation of €100m from the 11th European Development Fund (EDF) general reserve will adopt the form of a grant contribution to Gavi, the Vaccine Alliance, as administrator of COVAX Facility, the world's facility for universal and fair access to COVID-19 vaccines. More information is available in the full press release and the webpage of the EU global response to COVID-19.

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