Monday, October 13, 2025
12.9 C
Srinagar

Biden to announce US release of $4bln for vaccines to poor nations

Washington, US President Joe Biden will announce at the G7 gathering on Friday that the United States will release $4 billion for an international initiative to supply coronavirus vaccines to poor countries, the White House said.
“The United States will provide an initial $2 billion contribution to Gavi, the Vaccine Alliance for the COVAX Advance Market Commitment, the innovative financing instrument of the COVAX Facility, which supports access to safe and effective vaccines for 92 low- and middle-income economies,” the White House said in a fact sheet released ahead of the virtual summit.

An additional $2 billion will be made available through 2022 dependent on donor pledges being fulfilled and initial vaccine doses delivered.
“We also call on our G7 and other partners to work alongside Gavi, to bring in billions more in resources to support global COVID-19 vaccination, and to target urgent vaccine manufacturing, supply, and delivery needs,” the White House said.
The funds were appropriated by a bipartisan Congressional vote in December 2020.
Former US President Donald Trump refused to participate in the COVAX initiative because of its ties to the World Health Organization (WHO).

Trump withdrew the United States from the WHO after accusing it of attempts to cover up China’s alleged responsibility for the coronavirus pandemic.

 

Hot this week

Lieutenant Governor inaugurates 2nd edition of Kashmir Literature Festival at Srinagar.

Writers must do research and use critical proof to...

‘Deadlock’ between ruling allies over seat-sharing deal for RS Polls

NC offers ‘risky’ seat, Congress wants ‘safe’ seat; talks...

Cabinet Minister in Omar Abdullah Govt says, ‘full-fledged Darbar Move this year’

Srinagar : A Cabinet Minister in the Omar Abdullah-led...

LG Manoj Sinha Pays Tributes to Army Bravehearts Martyred in Kishtwar Operation

Srinagar: Lieutenant Governor Shri Manoj Sinha laid a wreath...

Topics

‘Deadlock’ between ruling allies over seat-sharing deal for RS Polls

NC offers ‘risky’ seat, Congress wants ‘safe’ seat; talks...

LG Manoj Sinha Pays Tributes to Army Bravehearts Martyred in Kishtwar Operation

Srinagar: Lieutenant Governor Shri Manoj Sinha laid a wreath...

Choudhary Ramzan, Sajad Kichloo, Shammi Oberoi named NC candidates

Talks underway with Congress for 4th Seat: SagarSrinagar :...

Srinagar Police Raid Residences Of 21 OGWs Linked To Terror Groups

AM News NetworkSrinagar: Police on Friday said that in...

India Decides To Upgrade Technical Mission In Kabul To Full-Fledged Embassy

New Delhi : India on Friday announced the upgrading...
spot_img

Related Articles

Popular Categories

spot_imgspot_img