Geneva, 6 April 2022 – The governments holding the presidencies of the G7, the G20 and the African Union will co-host a summit to raise new urgent funding for global vaccination in lower-income economies, a sign of renewed international cooperation and a continued commitment to beat the pandemic. This summit aims to raise global attention to the fact that the COVID-19 pandemic is not over, and that advocacy and attention is still needed, even as we tackle other pressing global crises Indonesia and Senegal will co-host Gavi’s leader-level meeting alongside Germany, aimed at helping raise at least US$ 3.8 billion from donors as part of a wider US$ 5.2 billion package of support for lower-income countries supported by the Gavi COVAX Advance Market Commitment (Gavi COVAX AMC). This virtual event, entitled “Break COVID Now”, will take place on Friday 8 April at 12pm CEST.
With over 1.2 billion doses now shipped through the Gavi COVAX AMC to lower-income economies around the world, as part of over 1.4 billion doses provided in total to 145 countries and territories, COVAX has contributed to more equitable access to vaccines. In 2022, with the necessary funding in place, the aim is to continue to provide countries with longer-term visibility on supply, while also helping countries to plan for risk and to continue the focus on equitable access should there be sudden shocks or changes in the virus, through an innovative “Pandemic Vaccine Pool,” as well as increasing the speed and capacity to roll out doses and supporting dose donations with syringes and logistics costs.
We know that the pandemic is not over. COVAX has helped AMC economies as a whole reach an average of over 40% vaccination rates, but we need to finish the job. With a new variant appearing every four months since the pandemic was declared, and a greater likelihood of these variants spreading as long as some parts of the world are unvaccinated, we must support countries in meeting their national vaccination targets and also plan to face risks and shocks through our innovative pandemic pool.
“We are honoured to see the presidents of the G7, G20 and AU come together to underline the continued importance of breaking COVID-19,” said Prof. José Manuel Barroso, Chair of the Board of Gavi, the Vaccine Alliance. “We are thrilled that Indonesia and Senegal on behalf of the G20 and African Union have agreed to co-host our Summit with Germany and help us call for greater support for COVAX. All 3 political groupings have advocated for global effort in addressing global risks, the centrality of investing in global health security, and the need to ensure we learn the lessons of the pandemic and anticipate risks ahead of time.”
The 2022 Gavi COVAX AMC Investment Opportunity outlines the key fundraising goals of the summit: raising US$1.1 billion to pay for urgent delivery support and ancillaries and launching a US$2.7 billion Pandemic Vaccine Pool of contingent financing – so that when countries need additional doses to deal with risks and shocks such as new variants, COVAX will be ready and ahead of the curve. This US$ 3.8 billion urgent fundraising is part of a broader US$ 5.2 billion package of support for lower-income countries and territories.
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