Joe Biden to pledge $US4 billion for WHO's COVAX global vaccine effort

Ross Houston
February 19, 2021

Blinken's efforts are a U-turn from former USA president Donald Trump's administration, who accused Beijing and the WHO of covering up the origins of COVID-19 and withdrew funding from the health organisation.

The World Health Organisation on Thursday urged nations with vaccines not to share them unilaterally, but to donate them to the global COVAX scheme to ensure fairness.

The event saw participation of the U.N. Secretary General Antonio Guterres, the prime minister of the Islands of Saint Vincent and the Grenadines, foreign ministers of the U.S., China, India, Ireland, Kenya, Mexico, Norway, representatives of the U.N. Security Council, and leaders of several global organizations.

President Biden has noted publicly the anticipating having enough vaccines to inoculate the entire country by late summer, having secured the dosage commitments from both Pfizer and Moderna two-doses vaccines that have emergency-use approval through the U.S. Food and Drug Administration.

It remains to be seen how G7 allies will receive the United States move, given that the United States refused to take part in the initiative under Mr Trump. S. and European nations to allocate up to 5% of current vaccine supplies to developing countries the kind of vaccine diplomacy that China and Russian Federation have begun deploying.

Canada has been getting all its Pfizer doses from Belgium and has experienced disruptions in supply.

But Biden, who announced last week that the U.

"In preparation for this unprecedented global rollout, COVAX partners have been working closely with all Facility participants for many months, providing support for regulatory and indemnity and liability issues as well as the submission of completed NDVPs", COVAX said in a statement.

For the 92 lower- and lower-middle income economies involved in Covax, funding is covered through donations, while for richer countries, buying into bulk purchases operates like a back-up insurance policy for their own vaccination programmes.

The COVAX program to vaccinate the poorer countries around the world is expected to cost $15 billion worldwide, $4 billion of which will come from the US over the next few years, including $500 million right away, per the report.

Guterres said Wednesday that 130 countries have not received a single dose of the vaccine and declared that at this critical moment, vaccine equity is the biggest moral test before the global community.

The U.S. plans to commit an initial $2 billion to Gavi and an additional $2 billion through 2021 and 2022. Friday's meeting of the G-7, the first of Biden's presidency, is being held virtually.

Biden is also scheduled to deliver a virtual address to the Munich Security Conference on Friday before traveling to MI to visit Pfizer's vaccine manufacturing facility.

Other reports by iNewsToday