€400 million EU increase for WHO-led vaccine initiative

Brussels, August 31

The European Commission stated it will contribute 400 million euros ($476 million) to an initiative led by the World Health Organization to purchase Covid-19 vaccines, however didn’t make clear whether or not EU states would purchase pictures by way of the WHO scheme.

Ursula von der Leyen, European Commission President

For low-income nations

Today, the fee is saying a 400 million euro contribution to COVAX for working collectively in buying future vaccines to the advantage of low and center revenue nations. 

The initiative, dubbed COVAX, goals to buy for all nations on the planet 2 billion doses of potential Covid-19 pictures from a number of vaccine makers by the top of 2021. The EU monetary help shall be offered by way of ensures, the Commission stated. A spokeswoman for the EU government didn’t make clear how these ensures can be provided and why they have been most popular to direct funding in money.

“Today, the commission is announcing a 400 million euro contribution to COVAX for working together in purchasing future vaccines to the benefit of low and middle income countries,” European Commission President Ursula von der Leyen stated on Monday.

The EU Commission is negotiating advance purchases of Covid vaccines with a number of drugmakers on behalf of the 27 EU states and has stated in previous weeks EU governments can’t purchase vaccines by way of parallel procurement schemes. Asked whether or not its steering to EU states to not purchase vaccines by way of COVAX was now dropped, a fee spokeswoman declined to elaborate. — Reuters

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