Biden Agrees to $4 Billion in Funding for Global Equitable Access to COvid Vaccines


Tomorrow at President Biden’s first G-7 meeting as commander-in-chief, an announcement will be made by the White Hourse outlining $4 billion in funding that will provide Covid vaccines to 92 low-and-middle income countries. Thus far, Covid vaccines have been made readily available to rich nations while poorer nations have previously been relegated to months-long delays. Now, with this infusion of money through a multilateral agreement, that wait will be substantially decreased.

Biden will use the G-7 to rally support and additional funding from fellow leaders. $2 billion of the funding will be released right away to GAVI, the Vaccine Alliance with the remaining $2 billion depersed over the course of two years with the caveat that other rich countries make good on their pledges. The United States reentry in the global health community especially the World Health Organization is a stanch repudiation of Trump’s withdrawal from the world health’s governing body.

As of today, Boris Johnson who is chairing the virtual meeting has pledged surplus Covid vaccine doses to the Covax facility which ensures that every country – no matter their ability to pay – has access to Covid vaccines for their populations.

Emmanuel Macron has proposed that the United States and Europe donate 5% of its vaccines to poorer nations.

African countries such as Rwanda, Malawi, and Zimbabwe have started their own vaccine programs, but admit that the vaccines they have received from China and Russia have yet to be proven effective against the new Covid variants.

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