GAVI financing to allow for immediate funds to counter next pandemic

GAVI financing to allow for immediate funds for next pandemic 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. Michael Erman Reuters

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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, the vaccine alliance only had $400 million in cash on hand.

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