Dr Seth Berkley meets Cho Hyun, the Republic of Korea's 2nd Vice Minister for Foreign Affairs, following today's agreement. Credit: Gavi/2017/J Fulker.
Geneva, 25 September 2017 – The Republic of Korea has committed US$4 million to Gavi, the Vaccine Alliance to fund its work over 2018, helping to reach hundreds of thousands of children across the developing world with lifesaving vaccines.
South Korea became the first East Asian donor to Gavi in 2010, and has since provided $15 million to the Vaccine Alliance. Today’s $4 million commitment, made at a signing ceremony at the Ministry of Foreign Affairs (MOFA) in Seoul, will be delivered in 2018 and will be funded through Korea’s Global Disease Eradication Fund.
Korea’s contribution will support the Vaccine Alliance’s mission to immunise 300 million children against deadly diseases like diarrhoea, pneumonia and measles between 2016 and 2020, preventing 5-6 million deaths.
“This important contribution to Gavi’s work will help protect hundreds of thousands of children across the developing world against deadly diseases,” said Dr Seth Berkley, CEO of Gavi, the Vaccine Alliance. “Korea has been a strong supporter of our work since 2010, and I’d like to thank the government and the people of Korea for their continued support.”
Cho Hyun, the Republic of Korea’s 2nd Vice Minister of Foreign Affairs, added: "It's always good to try something new, not just with new vaccines but also with new governance systems. That's why I'm glad that Gavi has been creative with its coordinated governance approach. I look forward to furthering our cooperation."
Gavi, the Vaccine Alliance is responsible for delivering vaccines to nearly 60% of the world’s children in 68 of the poorest countries. Since its inception in 2000 Gavi has helped to immunise nearly 640 million children and prevented the deaths of over 9 million children. It also funds the global stockpile of cholera, yellow fever, meningitis and Ebola vaccines, helping to prevent lethal pandemics.