World Bank approves $12B to finance virus vaccines, care
4 years, 2 months ago

World Bank approves $12B to finance virus vaccines, care

The Hindu  

The World Bank has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to one billion people. The $12 billion envelop is part of a wider World Bank Group package of up to $160 billion to help developing countries fight the COVID-19 pandemic, the bank said in a statement late Tuesday. The International Finance Corporation, the private sector lending arm of the World Bank is investing in vaccine manufacturers through a $4 billion Global Health Platform, the statement said. The funding is meant to also help countries access tests and treatments and to support management of supply chains and other logistics for vaccinations in developing countries, the bank said.

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History of this topic

Gates Foundation funding $40 million effort to help develop mRNA vaccines in Africa in coming years
1 year, 3 months ago

Gates Foundation funding $40 million effort to help develop mRNA vaccines in Africa in coming years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A $40 million investment will …

Gates Foundation funding $40 million effort to help develop mRNA vaccines in Africa in coming years
1 year, 3 months ago

Gates Foundation funding $40 million effort to help develop mRNA vaccines in Africa in coming years

The Hindu  

A $40 million investment will help several African manufacturers produce new messenger RNA vaccines on the continent where people were last in line to receive jabs during the COVID-19 pandemic, the Bill and Melinda Gates Foundation announced Monday. “Whether it's for local diseases in Africa like Rift Valley or for global diseases like TB, mRNA looks like a very promising …

US govt awards $1.4 bln for development of new COVID...
1 year, 4 months ago

US govt awards $1.4 bln for development of new COVID...

Daily Mail  

The Biden Administration has allocated another $1.4billion to developing Covid treatments and vaccines – despite declaring the pandemic over months ago. The news comes as hospitalizations rise for the fifth week in a row, though they are still three times lower than this time last year. Hospitalizations across the US have risen for the fifth week in a row, but …

World leaders pledge billions to fight AIDS, TB, and malaria
2 years, 3 months ago

World leaders pledge billions to fight AIDS, TB, and malaria

Al Jazeera  

Donor conference on the sidelines of UN meeting raises record $14.25bn, although UK and Italy delay announcement on commitments. The Global Fund to Fight AIDS, Tuberculosis and Malaria has secured $14.25bn in crucial new funding, after decades of progress against the diseases was derailed by the COVID-19 pandemic. “What’s happened today is actually an unparalleled mobilisation of resources for global …

Global Fund gets powerful help with $18 billion funding goal
2 years, 3 months ago

Global Fund gets powerful help with $18 billion funding goal

Associated Press  

NEW YORK — The Global Fund to Fight AIDS, Tuberculosis and Malaria will get some high-powered help this week to reach its $18 billion goal to fund another three years to slow the spread of these diseases. Global Fund Executive Director Peter Sands told The Associated Press that fundraising through the Replenishment Conference is “always a bit of a rollercoaster.” …

GAVI financing to allow for immediate funds for next pandemic
2 years, 3 months ago

GAVI financing to allow for immediate funds for next pandemic

Live Mint  

Global vaccine alliance GAVI has set up financial instruments that will allow the group to immediately access pledged donor funding if it needs to buy vaccines for future pandemics, Chief Executive Seth Berkley told Reuters. Berkley said that in 2020 and 2021, GAVI was limited in its ability to buy COVID-19 vaccines because even though donors had committed $2.4 billion, …

Experts say U.S. suspension of COVID aid will prolong pandemic
2 years, 9 months ago

Experts say U.S. suspension of COVID aid will prolong pandemic

LA Times  

In the latest Senate package targeted at stopping the coronavirus, U.S. lawmakers dropped nearly all funding for curbing the virus beyond American borders — a move many health experts slammed as dangerously short-sighted. He said Uganda has leaned heavily on donor help — it received more than 11 million vaccines from the U.S. — and that any cuts “would make …

World Bank temporarily relocates staff from Ukraine
2 years, 10 months ago

World Bank temporarily relocates staff from Ukraine

Live Mint  

The World Bank is temporarily relocating staff from Ukraine and has suspended staff missions to the country due to the tensions on the border with Russia, according to an internal memo seen by Reuters on Monday. The World Bank said it was closely monitoring the situation at the border, where Russia has massed a huge force within striking distance of …

US pledges $580m to international COVID fight amid Omicron spread
3 years ago

US pledges $580m to international COVID fight amid Omicron spread

Al Jazeera  

The announcement comes as the Biden administration released a raft of measures aimed at ramping up domestic response. US Secretary of State Antony Blinken made the announcement on Tuesday, shortly before he said he is set to meet his counterparts from other countries to discuss global cooperation in responding to Omicron, which officials say has already become the dominant strain …

India applies for $2bn loan from AIIB, ADB for vaccine purchase
3 years, 2 months ago

India applies for $2bn loan from AIIB, ADB for vaccine purchase

Hindustan Times  

India has applied for a $2 billion loan from Asian multilateral development banks to purchase around 700 million Covid-19 vaccines as it looks to boost the immunisation rate of the country’s eligible population. The Beijing-based Asian Infrastructure Investment Bank and the Asian Development Bank in Manila are expected to soon process India’s loan request, which will be used to purchase …

UN calls for $8bn to redress world COVID vaccine imbalance
3 years, 3 months ago

UN calls for $8bn to redress world COVID vaccine imbalance

Al Jazeera  

UN chief Antonio Guterres says vaccine inequity is not only “immoral but stupid” because it will give rise to new variants and more deaths. “Vaccine inequality is the best ally of the COVID-19 pandemic,” Guterres said, as he appealed for wealthy nations who have so far received most of the world’s vaccines to step up. “It is allowing variants to …

Biden doubles US global donation of COVID-19 vaccine shots
3 years, 3 months ago

Biden doubles US global donation of COVID-19 vaccine shots

Associated Press  

President Joe Biden announced Wednesday that the United States is doubling its purchase of Pfizer’s COVID-19 shots to share with the world to 1 billion doses as he embraces the goal of vaccinating 70% of the global population within the next year. He added that with the new commitments, “For every one shot we’ve administered to date in America, we …

Quad partnership on track to produce at least a billion vaccine doses in India by 2022: Joe Biden
3 years, 3 months ago

Quad partnership on track to produce at least a billion vaccine doses in India by 2022: Joe Biden

India TV News  

The Quad partnership is on track to produce at least a billion vaccine doses in India by 2022, US President Joe Biden said on Wednesday, asserting that nothing is more urgent than working together to defeat COVID-19 so the world is much better prepared for future pandemics. The United States and its international partners are working quickly to scale up …

Tanzania secures nearly $600M from IMF for COVID relief
3 years, 4 months ago

Tanzania secures nearly $600M from IMF for COVID relief

Al Jazeera  

Tanzania’s late president denied the existence of the pandemic but his successor is stepping up a vaccination programme. The International Monetary Fund’s executive board has approved $567m in emergency support for Tanzania to help it finance a COVID-19 vaccination campaign and meet the health and social costs of the pandemic, the IMF said in a statement. The new funding will …

COVID-19 has ‘devastating’ impact on fight against HIV, TB, malaria: Global Fund
3 years, 4 months ago

COVID-19 has ‘devastating’ impact on fight against HIV, TB, malaria: Global Fund

The Hindu  

The COVID-19 pandemic had a “devastating” impact on the fight against HIV, tuberculosis and malaria in 2020, according to a report released by the Global Fund on Wednesday. “To mark our 20th anniversary, we had hoped to focus this year’s report on the extraordinary stories of courage and resilience that made possible the progress we have achieved against HIV, TB …

Over USD 157 billion deployed in last 15 months to fight Covid pandemic: World Bank
3 years, 5 months ago

Over USD 157 billion deployed in last 15 months to fight Covid pandemic: World Bank

India TV News  

In its largest-ever crisis response, the World Bank has deployed over USD 157 billion to fight the impact of the COVID-19 pandemic on health, economic and social fronts over the last 15 months. "Since the start of the pandemic, the World Bank Group has committed or mobilised a record USD 157 billion in new financing, an unprecedented level of support …

Over $157 billion deployed in last 15 months to fight Covid pandemic: World Bank
3 years, 5 months ago

Over $157 billion deployed in last 15 months to fight Covid pandemic: World Bank

India Today  

In its largest-ever crisis response, the World Bank has deployed over USD 157 billion to fight the impact of the COVID-19 pandemic on health, economic and social fronts over the last 15 months. "Since the start of the pandemic, the World Bank Group has committed or mobilised a record USD 157 billion in new financing, an unprecedented level of support …

How India’s COVID Vaccine Rollout Fares Amid Global Shortage & Unequal Distribution
3 years, 7 months ago

How India’s COVID Vaccine Rollout Fares Amid Global Shortage & Unequal Distribution

News 18  

Analysts have noted that given the supply constraints, many wealthy countries are still standing in queue for vaccine doses despite their purchasing power. When it comes to the fully vaccinated population, India’s performance looks relatively weaker at just 3.3 per cent of the overall population, although it is still the highest among the large low- and lower- middle-income countries. Among …

G7 ministers to discuss COVID vaccines, animal-borne diseases
3 years, 7 months ago

G7 ministers to discuss COVID vaccines, animal-borne diseases

Al Jazeera  

UK says G7 health ministers will announce a ‘new international approach’ to reduce the risk of a new pandemic. The United Kingdom is set to host health ministers from the G7 countries for talks focused on improving the early detection of animal-borne diseases and expanding poorer nations’ access to COVID-19 vaccines. “We need to make better use of advances in …

Heads of four global organisations appeal to world leaders for COVID-19 vaccine equality
3 years, 7 months ago

Heads of four global organisations appeal to world leaders for COVID-19 vaccine equality

Firstpost  

WHO, World Bank, IMF, and WTO blamed gaps in vaccination programs for the emergence of virus variants that fuelled fresh outbreaks in developing countries. World leaders must make a “new commitment” to a more equal distribution of coronavirus vaccines to bring the pandemic under control, the heads of four major global organisations said Tuesday. The cash injections “would help us …

IMF proposes USD 50 billion global vaccination plan
3 years, 7 months ago

IMF proposes USD 50 billion global vaccination plan

India TV News  

The International Monetary Fund has proposed a USD 50 billion global vaccination plan that would cover at least 40 percent of the global population by the end of 2021 and at least 60 percent by the first half of 2022. With strong and coordinated action now—and with little in terms of financing relative to the outsized benefits—the world can durably …

US Has Provided Over USD 500 Million in Covid Relief to India, Says White House
3 years, 7 months ago

US Has Provided Over USD 500 Million in Covid Relief to India, Says White House

News 18  

The US has so far provided over USD 500 million in Covid-19 assistance to India, the White House said on Wednesday, adding it would soon make a determination on distribution of the 80 million vaccines to other countries. “To date, the United States has provided over USD 500 million in Covid relief to India, including contributions from the US federal …

World Bank welcomes US, French Covid-19 assistance to India
3 years, 8 months ago

World Bank welcomes US, French Covid-19 assistance to India

Hindustan Times  

The World Bank has welcomed the recent announcements by the United States and France to help India address its COVID-19 crisis. "We urge COVAX donors to encash their commitments and help meet delivery needs," David Malpass said. "Very glad to see recent announcements by the US and France to help India address COVID19," World Bank President David Malpass said in …

Serum hails financial aid from govt to ramp up Covid-19 vaccine production
3 years, 8 months ago

Serum hails financial aid from govt to ramp up Covid-19 vaccine production

The Hindu  

Vaccine major Serum Institute of India on Tuesday hailed government's initiative to provide financial aid to manufacturers to ramp up production of COVID-19 vaccine in the country. "On behalf of the vaccine industry in India, I would like to thank and applaud Shri @narendramodi Ji, @nsitharaman Ji, for your decisive policy changes and swift financial aid which will help vaccine …

IMF, World Bank urged to ensure timely delivery of COVID-19 vaccines across nations
3 years, 9 months ago

IMF, World Bank urged to ensure timely delivery of COVID-19 vaccines across nations

India TV News  

Asserting that the effects of the COVID-19 pandemic will be felt for years, the International Monetary Fund and the World Bank have been urged to ensure timely delivery of safe and effective vaccines across all countries. Developing countries need to strengthen their readiness for vaccination campaigns and develop coordinated strategies to reach vulnerable populations," a joint ministerial committee of the …

World Bank Readies Covid-19 Vaccine Funds for Around 30 African Countries
3 years, 10 months ago

World Bank Readies Covid-19 Vaccine Funds for Around 30 African Countries

News 18  

The World Bank is preparing emergency financing to help about 30 African countries access COVID-19 vaccines, the global lender told Reuters, as the continent scrambles to secure doses and start immunising vulnerable groups. The World Bank said financing projects were being prepared in African countries including the Democratic Republic of Congo, Ethiopia, Niger, Mozambique, Tunisia, eSwatini, Rwanda and Senegal, without …

Palestinian vaccine drive faces funding shortfall: World Bank
3 years, 10 months ago

Palestinian vaccine drive faces funding shortfall: World Bank

Al Jazeera  

Bank urges Israel, which has made the most progress globally on vaccination, to donate its urplus shots. The Palestinians’ COVID-19 vaccination plan faces a $30m-funding shortfall, even after factoring in support from a global vaccine scheme for poorer economies, the World Bank said in a report on Monday. Israel, a world leader in terms of vaccination speed, should consider donating …

Unwilling to wait, poorer countries seek their own vaccines
3 years, 11 months ago

Unwilling to wait, poorer countries seek their own vaccines

Associated Press  

NEW DELHI — With coronavirus cases still climbing, Honduras got tired of waiting to get vaccines through a United Nations program, so the small Central American country struck out on its own, securing the shots through a private deal. Countries including Serbia, Bangladesh and Mexico recently began vaccinating citizens through donations or commercial deals — an approach that could leave …

If poor countries don't get access to COVID-19 vaccines, rich countries will also pay: Study
3 years, 11 months ago

If poor countries don't get access to COVID-19 vaccines, rich countries will also pay: Study

Firstpost  

In monopolizing the supply of vaccines against COVID-19, wealthy nations are threatening more than a humanitarian catastrophe: The resulting economic devastation will hit affluent countries nearly as hard as those in the developing world. In the most extreme scenario — with wealthy nations fully vaccinated by the middle of this year, and poor countries largely shut out — the study …

270 million extra Covid vaccine doses secured for Africa
3 years, 11 months ago

270 million extra Covid vaccine doses secured for Africa

CNN  

Johannesburg CNN — The African Union has secured an additional 270 million Covid vaccines doses for African countries, but it still may not be enough to meet demand for the region, the African Vaccine Acquisition Task Team announced Wednesday. All 270 million vaccine doses will be made available this year with at least 50 million being available for the crucial …

China-backed AIIB to help vaccine rollout, expects steady lending in 2021
3 years, 11 months ago

China-backed AIIB to help vaccine rollout, expects steady lending in 2021

Business Standard  

The logo of Asian Infrastructure Investment Bank is seen at its headquarter building in Beijing BEIJING - The Beijing-backed Asian Infrastructure Investment Bank will follow other development banks in helping to finance the rollout of COVID-19 vaccines, its president said on Wednesday, while its total lending in 2021 will be similar to last year's. "The World Bank and ADB have …

Approval of Vaccine Lends Strength to Optimism, India Witnessing V-shaped Recovery: FinMin Report
4 years ago

Approval of Vaccine Lends Strength to Optimism, India Witnessing V-shaped Recovery: FinMin Report

News 18  

Approval of the long-awaited COVID-19 vaccine provides strength to the optimism on health and economic fronts, the Finance Ministry said in its monthly economic report. “The effective management of COVID-19 spread despite the festive season and onset of the winter season, combined with sustained improvement in high-frequency indicators and V-shaped recovery along with easing of lockdown restrictions distinguish Indian economy …

Rich countries are hoarding COVID-19 vaccines. Elsewhere, the pandemic may keep killing for years
4 years ago

Rich countries are hoarding COVID-19 vaccines. Elsewhere, the pandemic may keep killing for years

LA Times  

An Israeli nurse prepares a COVID-19 vaccine at the Barzilai Medical Center in the southern Israeli city of Ashkelon. Rich nations have gobbled up nearly all the global supply of the two leading COVID-19 vaccines through the end of 2021, leaving many middle-income countries to turn to unproven drugs developed by China and Russia while poorer states face long waits …

WHO: Vaccine program gets access to nearly 2 billion doses
4 years ago

WHO: Vaccine program gets access to nearly 2 billion doses

Associated Press  

GENEVA — The World Health Organization program to help get COVID-19 vaccines to all countries in need has access to nearly 2 billion doses of “promising” vaccine candidates, officials said Friday. WHO Director-General Tedros Adhanom Ghebreyesus said the agreements mean that some 190 countries and economies taking part in the COVAX initiative will have access to vaccines “during the first …

World Bank approves 4 India projects worth USD 800 million
4 years ago

World Bank approves 4 India projects worth USD 800 million

India TV News  

The World Bank on Wednesday approved four India projects worth over USD 800 million to support development initiatives. "The projects support a range of development initiatives – strengthening India's social protection architecture, promoting nutrition-supportive agriculture for tribal households in Chhattisgarh, enhancing quality education in Nagaland and improving the safety and performance of existing dams across various states in India," the …

Despite promises of solidarity on Covid-19, rich countries are snapping up the supply of promising vaccines
4 years ago

Despite promises of solidarity on Covid-19, rich countries are snapping up the supply of promising vaccines

CNN  

Johannesburg, South Africa CNN — When 90-year-old Margaret Keenan received the world’s first clinically authorized and tested Covid-19 vaccine earlier this week, the end of the Covid-19 pandemic seemed finally in reach. The People’s Vaccine Alliance, an international vaccine watchdog that includes Amnesty International and Oxfam, said this past week that rich countries have bought enough Covid-19 vaccine doses to …

Nobel UN food agency warns 2021 will be worse than 2020
4 years, 1 month ago

Nobel UN food agency warns 2021 will be worse than 2020

Associated Press  

UNITED NATIONS — The head of the World Food Program says the Nobel Peace Prize has given the U.N. agency a spotlight and megaphone to warn world leaders that next year is going to be worse than this year, and without billions of dollars “we are going to have famines of biblical proportions in 2021.” David Beasley said in an …

Gates Foundation Donates an Extra 70mn Dollar to Fund Equal Distribution of Covid Vaccines
4 years, 1 month ago

Gates Foundation Donates an Extra 70mn Dollar to Fund Equal Distribution of Covid Vaccines

News 18  

The Gates Foundation added another $70 million of funding on Thursday to global efforts to develop and distribute vaccines and treatments against the COVID-19 pandemic, saying it hoped other international donors would now also pledge more. An extra $50 million will go to the COVAX Advance Market Commitment led by the GAVI vaccine alliance, the foundation said, and another $20 …

Activists urge ’Big Pharma’ to be transparent on COVID-19 vaccine costs
4 years, 2 months ago

Activists urge ’Big Pharma’ to be transparent on COVID-19 vaccine costs

Live Mint  

Activists called on pharmaceutical companies on Thursday to be transparent about the costs and terms of providing COVID-19 vaccines, saying they must be available and affordable for all. French drugmaker Sanofi and Britain's GlaxoSmithKline said on Wednesday they would supply 200 million doses of their COVID-19 candidate vaccine to the global COVAX vaccine facility backed by the World Health Organization …

Covid-19 vaccines are coming: Are we adequately prepared?
4 years, 2 months ago

Covid-19 vaccines are coming: Are we adequately prepared?

Live Mint  

As covid continues unabated, much hope is being placed on vaccines as key game changers. Parallel to the public vaccination programme, private hospitals/doctors could also be allowed to offer vaccinations to individuals willing to pay, using any vaccine approved by the Drugs Controller. Vaccine supplies will be scarce in the early stages, but if some hospitals can get supplies of …

Serum Institute of India to Produce Extra 200 Million Doses of Covid-19 Vaccine for Poorer Countries
4 years, 3 months ago

Serum Institute of India to Produce Extra 200 Million Doses of Covid-19 Vaccine for Poorer Countries

News 18  

Serum Institute of India will make up to 200 million COVID-19 vaccine doses for poorer countries, including India, next year, as the Bill & Melinda Gates Foundation and GAVI vaccines alliance have doubled their funding, the company said on Tuesday. The collaboration takes forward an initial agreement signed in August by Serum, GAVI and the Gates Foundation for 100 million …

Boris Johnson urges world leaders to unite against COVID-19.
4 years, 3 months ago

Boris Johnson urges world leaders to unite against COVID-19.

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy British Prime Minister Boris Johnson …

Global Covid-19 Death Toll Could Hit 2 Million Before Vaccine in Wide Use, Says WHO
4 years, 3 months ago

Global Covid-19 Death Toll Could Hit 2 Million Before Vaccine in Wide Use, Says WHO

News 18  

GENEVA/ZURICH: The global death toll from COVID-19 could double to 2 million before a successful vaccine is widely used and could be even higher without concerted action to curb the pandemic, an official at the World Health Organization said on Friday. “We’re in discussions with China about the role they may play as we go forward,” said Bruce Aylward, WHO …

World’s top banks must stop funding factory farming to prevent future pandemics, say campaigners
4 years, 3 months ago

World’s top banks must stop funding factory farming to prevent future pandemics, say campaigners

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nearly 100 environmentalists, including the prime minister’s father, are calling on banks and the International …

IMF says coronavirus crisis far from over, calls for more economic support
4 years, 4 months ago

IMF says coronavirus crisis far from over, calls for more economic support

India Today  

The International Monetary Fund on Wednesday warned that the coronavirus crisis was “far from over” and underscored the need for multilateral cooperation to ensure adequate supplies once a vaccine is developed. In an essay published in Foreign Policy magazine, IMF Managing Director Kristalina Georgieva and chief economist Gita Gopinath said the ongoing economic recovery from the crisis was the result …

UNICEF to lead global procurement, supply of COVID vaccines
4 years, 4 months ago

UNICEF to lead global procurement, supply of COVID vaccines

The Hindu  

In what could possibly be the world’s largest and fastest ever operation of its kind, the UNICEF will be leading the procurement and supply of coronavirus vaccines to ensure that all countries have safe, fast and equitable access to initial doses when they are available, it has said. The United Nations Children’s Fund is the world’s largest single vaccine buyer, …

Safe, fast and equitable access: UNICEF to lead global procurement, supply of Covid-19 vaccines
4 years, 4 months ago

Safe, fast and equitable access: UNICEF to lead global procurement, supply of Covid-19 vaccines

India Today  

The United Nations Children's Fund has said it will be leading the procurement and supply of coronavirus vaccines to ensure that all countries have safe, fast and equitable access to initial doses when they are available. The UNICEF is the world's largest single vaccine buyer, procuring more than 2 billion doses of various vaccines annually for routine immunisation and outbreak …

Australian Government backs effort to distribute coronavirus vaccine globally with foreign aid funds
4 years, 4 months ago

Australian Government backs effort to distribute coronavirus vaccine globally with foreign aid funds

ABC  

The Federal Government has pledged $80 million to a global effort designed to ensure any future COVID-19 vaccine is distributed cheaply in poorer countries around the world. Key points: The Government wants Australia's neighbours in the Pacific and South-East Asia to have affordable access to any vaccine The Government wants Australia's neighbours in the Pacific and South-East Asia to have …

WHO’s covid vaccine program: What you need to know
4 years, 4 months ago

WHO’s covid vaccine program: What you need to know

Live Mint  

The World Health Organization on Tuesday urged countries to join a global pact aimed at ensuring less wealthy countries have access to COVID-19 vaccines, warning about the risks from so-called "vaccine nationalism." The COVAX global vaccines facility is a program designed to pool funds from wealthier countries and nonprofits to develop a COVID-19 vaccine and distribute it equitably around the …

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