The Global Vaccine Summit 2020, organized by the Global Alliance for Vaccines and Immunization at the initiative of the British Government. Vaccines boost the immunity of 300 million children worldwide And $8.8 billion has been pledged to help fight Covid-19.
The Summit, hosted by British Prime Minister Boris Johnson, was attended by representatives from 52 countries, including 35 heads of state, the World Health Organization (WHO), the private sector, vaccine manufacturers, and civil society.
A statement from the conference on Friday said that despite the $7.4 billion fundraising target set at the virtual conference on Thursday, the fund has raised more money than promised.
That statement said the fund was committed to helping fight the coronavirus and boosting the immunity of 300 million children worldwide. Provide health care support, including the construction of infrastructure to prevent coronavirus around the world, and by 2025, the fund will be used to boost the immunity of children in the world’s poorest countries against diseases such as measles, polio, and diphtheria.
In addition, $ 567 million has been pledged for a new innovative funding project to give low- and middle-income countries access to the Covid-19 vaccine.
The funds will go to the Global Alliance for Vaccines and Immunization (GAVI), which was started by American billionaire Bill Gates and his wife Melinda Gates. It is funded by the Bill & Melinda Gates Foundation.
According to GAVI, the fund is being raised for the next five years, which will help vaccinate at least $ 300 million children and save 700-800 million lives. Gavi claims that their efforts since 2000 have prevented the deaths of at least 13 million children.
— Gavi, the Vaccine Alliance (@gavi) June 4, 2020
“We’ve been assured of an incredible amount of $ 8.8 billion, with which Gavie will be doing something important for the next five years,” Gavie said in a tweet.
Prior to the conference, the United Kingdom pledged $1.65 billion in grants. In addition, people from other countries and the private sector are paying the rest.
Funds have been raised primarily for vaccination activities to boost children’s immunity, but Gavi will also focus on developing and delivering vaccines against the ongoing Covid-19.