Global economic recovery dependent on COVID-19 vaccine equity says key global organizations

WOLRD – The global economic recovery is at risk if vaccines are not equitably manufactured, scaled up and distributed, this is according to new data released today by the United Nations Development Programme (UNDP), the World Health Organization (WHO) and the University of Oxford. Revealed in the findings on COVID-19 vaccine equity, low-income states would add to their Gross domestic product (GDP) an estimate of US$38B for the forecasted year 2021 if they had the same vaccination rate as that of high-income countries. At a time when richer countries have…

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GAVI inks deal with Sinopharm and Sinovac to supply vaccines to COVAX

AFRICA – The Vaccine Alliance (GAVI) has announced that it has signed advance purchase agreements with Sinopharm and Sinovac for immediate supply of Sinopharm’s “BBIBP-Corv” vaccine and Sinovac’s “CoronaVac” vaccine to the COVAX facility. COVAX largely ensures adequate and equitable supply of vaccines to Africa. So far, they have managed to supply 25 million cases. Nineteen countries have used more than 80% of their COVAX-supplied doses, while 31 countries have used more than 50%. In the past two weeks, more than 1.6 million doses were delivered to Africa through COVAX.…

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GAVI receives US $28.9 million from KFW Development Bank to boost routine vaccinations for children in EAC

EAST AFRICA – KfW has given US $28.9 million on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) to support GAVI, the Vaccine Alliance, in effectively protecting children in the East African Community (EAC) against infectious diseases. The funds will be used to facilitate the procurement of vaccines, consumables, transport and insurance on a pro rata basis. This funding comes as a follow up to the US $346.1 million kfW has issued to fund immunization programs in East Africa since 2013. The funds have made possible…

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World leaders put their weight behind COVAX in bid to achieve equitable vaccine supply

JAPAN – The Gavi COVAX Advance Market Commitment (AMC) summit hosted in Tokyo by Japanese Prime Minister Suga Yoshihide and Gavi Board Chair; José Manuel Barroso brought together world leaders who have pledged their support toward COVAX AMC in procurement and supply of Covid vaccines. During the summit, donors pledged USD 775 million for vaccine delivery. An additional 2.4 billion USD was secured raking up the COVID-19 vaccine procurement fund to 9.6 billion USD. At the event today, a number of donor governments announced significant new commitments worth a total…

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