"Four hours to save four million lives"
Major public and private donors achieved a milestone in global health on 13 June 2011 in London by committing funding to immunise more than 250 million of the world’s poorest children against life-threatening diseases by 2015 and prevent more than four million premature deaths.
Donors committed US$ 4.3 billion at the first pledging conference held by Gavi, the Vaccine Alliance. This exceeded an initial target of US$ 3.7 billion, enabling Gavi to reach more children faster than planned and to accelerate the introduction of new vaccines.
A portion of the pledges are conditional upon additional funds being raised in the future. The pledges bring Gavi’s total available resources for the period 2011 to 2015 to US$ 7.6 billion.
Timely support
The increased support was timely. Gavi recently reported a record 50 countries applied for vaccine funding during the Alliance’s latest application round – nearly double the previous record in 2007.
This new support will allow Gavi to fully fund approved applications.
“Today is an important moment in our collective commitment to protecting children in developing countries from disease,” said President of Liberia Ellen Johnson Sirleaf.
“But every 20 seconds, a child still dies of a vaccine-preventable disease. There’s more work to be done.”
Prime ministers, UN leaders, CEOs, civil society, donor and developing countries
The meeting convened prime ministers, ministers and high-level officials from donor and developing countries, leaders of UN Agencies, CEOs from private companies and senior civil society leaders to make commitments to support Gavi’s life-saving work.
The meeting was hosted by the governments of the United Kingdom and Liberia and the Bill & Melinda Gates Foundation. Governments more than doubled their previous commitments and new donors will also give for the first time, including Japan and Brazil. Gavi’s largest corporate donor, “la Caixa” Foundation, extended its financial commitment and new donors Anglo American plc and Absolute Return for Kids (ARK) made their first pledges.
Developing countries committed to maintain or increase the co-financing of their vaccine programmes and leverage the partnership to immunise their children. Gavi estimates that the total level of co-financing will triple to US$ 100 million by 2015.
Vaccine manufacturers announced last week they will contribute by offering lower prices on a range of life-saving vaccines supported by Gavi, including a two-thirds reduction on the rotavirus vaccine, which combats the leading cause of diarrhea deaths. Co-financing and lower prices will enhance the sustainability of immunisation programmes.
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