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G7: EU doubles contribution to COVAX to €1 billion and announces support for African vaccination efforts

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At the G7 virtual leaders’ meeting today (19 February), the President of the European Commission, Ursula von der Leyen made a series of announcements on the EU’s global support for vaccination programmes.

Additional funding for COVAX

The President announced an additional €500 million for the COVAX Facility, doubling its contribution to date up to €1 billion for the global initiative that is leading efforts to secure fair and equitable access to safe COVID-19 vaccines for all. This new pledge brings us closer to achieving COVAX’s target to deliver 1.3 billion doses for 92 low and middle-income countries by the end of 2021. Team Europe is one of the lead contributors to COVAX with over €2.2 billion, including another €900 million pledged today by Germany. The contribution is composed of a new €300 million EU grant and €200 million in guarantees by the European Fund for Sustainable Development plus (EFSD+) that will back a loan by the European Investment Bank.

New initiative with the Africa Centres for Disease Control and Prevention

€100 million will be be provided in humanitarian assistance to support the rollout of vaccination campaigns in Africa, which are spearheaded by the Africa Centres for Disease Control and Prevention (Africa CDC). Subject to the agreement of the budgetary authority, this funding will support the vaccination campaigns in countries with critical humanitarian needs and fragile health systems. The funding will, among others, contribute to ensuring the cold chains, roll-out registration programmes, training of medical and support staff as well as logistics.

More information is available in the press releases on the EU support for COVAX, on the EU to support COVID-19 vaccination strategies and capacity in Africa and on the dedicated website on the EU Global Response to coronavirus.

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