12 °c
London
Wednesday, August 10, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

EU contributes €1B for vaccines to low, middle-income countries

Taarifa Rwanda by Taarifa Rwanda
February 22, 2021
in Africa, Cooperation, Coronavirus, Diplomacy, Finance, Health
Reading Time: 3 mins read
812 8
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The European Union has announced today an additional €500M for the COVAX Facility, doubling its contribution to date for the global initiative that is leading efforts to secure fair and equitable access to safe and effective COVID-19 vaccines in low and middle-income countries.

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 €2.2B, including another €900M pledged today by Germany.

Announcing the new contribution at the G7 virtual leaders’ meeting, President of the European Commission, Ursula von der Leyen, said:

“Last year, as part of our Coronavirus Global Response, we committed to ensuring universal access to vaccines everywhere on Earth, for everyone who would need them. COVAX is best placed to help us reach this goal. This is why we decided to double the European Commission’s contribution to COVAX, to €1B. With this new financial boost we want to make sure vaccines are soon delivered to low and middle-income countries. Because we will only be safe if the whole world is safe.”

Jutta Urpilainen, Commissioner for International Partnerships, added: “We are in a race against the virus and COVAX is our best hope that all our partners, in Africa and elsewhere, have access to safe and effective COVID-19 vaccines.

The EU has been leading efforts in international fora, such as the G20 and G7, to guarantee that collectively we ensure that COVID-19 vaccines become a global public good. This is why today we are doubling our support to COVAX.”

Also read: African Union to distribute first million doses of COVID-19 vaccines this week

Stella Kyriakides, Commissioner for Health and Food Safety, stressed: “Humanism and solidarity are essential values for Europe. These values have been our compass since the onset of the pandemic.”

The EU has invested close to €3B to pre-finance the production of safe and effective vaccines, which will benefit not only the EU but citizens across the world.

Vaccines produced in Europe are now going all over the world and we as Team Europe are working to share doses secured under our advanced purchase agreements preferably through COVAX with the Western Balkans, Neighborhood and Africa – benefitting above all health workers and humanitarian needs.

The contribution announced today is composed of a new €300M EU grant and €200M in guarantees by the European Fund for Sustainable Development plus (EFSD+) that will back a loan by the European Investment Bank.

This is subject to the adoption of the Neighbourhood, Development and International Cooperation Instrument (NDICI) by the Council and the European Parliament.

The EIB loan to be guaranteed by EFSD+ is subject to the approval of the EIB’s Board of Directors. These funds will complement a previous €100M grant and €400M in guarantees from the EU budget.

To date, a total of 191 countries participate in the COVAX Facility, 92 of them low and middle-income economies eligible to get access to COVID-19 vaccines through Gavi COVAX Advance Market Commitment (AMC). Most of these are in Africa.

Through these contributions, the Commission and its partners will secure purchase options for future COVID-19 vaccines for all the participants in the Facility.

Vaccines will be procured and delivered to countries by the UNICEF Supply Division and the PAHO’s Revolving Fund for Access to Vaccines.

The fast arrival of safe and effective COVID-19 vaccines has shown that multilateralism and multi-actor partnerships work to solve the most pressing problems of our time.


Taarifa Rwanda

Related

Tags: africacoronavirusCovid-19covid-19 vaccinesEU contributes €1B for vaccines to low middle-income countriesEuropean Fund for Sustainable DevelopmentEuropean UnionGavi COVAX Advance Market CommitmentGAVI Vaccine allianceUNICEFvaccinesафрикаأفريقياアフリカ非洲
ScanSendShare328Tweet205Share57Pin74Send
Taarifa Rwanda

Taarifa Rwanda

Taarifa is a Rwandan news media house established to play a role in shaping the global agenda through telling Africa’s true stories by delivering quick, in-depth and exclusive news on issues and events affecting Africa’s political, economic and social landscape.

Related Posts

Logistics

South Africa and Botswana agree to improve and extend railway links

by The Exchange
August 10, 2022
Construction of 264km northern railway line in Namibia 90% complete
Trade

Direct train link Mozambique-Eswatini boosts trade

by Club of Mozambique
August 10, 2022
Banks using US$ should think about their Crypto exposure – FinCEN Director
Fintech

Nigeria crypto adoption-value depreciation tug of war intensifies

by Web3Africa
August 10, 2022
Agriculture

Tanzania govt calls on insuring crops and livestock

by Farmers Review Africa
August 10, 2022
New Ethiopian coffee directive sets strict minimum price
Trade

Ethiopia’s coffee export earnings increase 22 pct

by FurtherAfrica
August 10, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Logistics

South Africa and Botswana agree to improve and extend railway links

by The Exchange
August 10, 2022
0

South Africa and Botswana have agreed to fund the improvement and extension of rail freight links to boost trade South...

Read more
Construction of 264km northern railway line in Namibia 90% complete

Direct train link Mozambique-Eswatini boosts trade

August 10, 2022
Banks using US$ should think about their Crypto exposure – FinCEN Director

Nigeria crypto adoption-value depreciation tug of war intensifies

August 10, 2022

Tanzania govt calls on insuring crops and livestock

August 10, 2022
New Ethiopian coffee directive sets strict minimum price

Ethiopia’s coffee export earnings increase 22 pct

August 10, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,390 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?