Latest News by Covid Virus

A facility set up by the World Health Organisation (WHO) and the GAVI vaccine group has exceeded an interim target of raising more than $2 billion to buy and distribute Covid-19 shots for poorer countries, but said it still needs more.

The GAVI alliance said on Friday that the funds for an advance market commitment (AMC) will allow the COVAX facility to buy an initial one billion vaccine doses for 92 eligible countries which would not otherwise be able to afford them.

“We’ve seen sovereign and private donors from across the world dig deep and meet this target and help ensure that every country will get access to Covid vaccines, not just the wealthy few,” GAVI chief Seth Berkley told reporters, adding that there was an “urgent need” to also finance treatments and diagnostics.

The European Commission, France, Spain, South Korea, the Bill & Melinda Gates Foundation and others had in recent weeks pledged another $360 million to the AMC, the alliance said, bringing total funding over the $2 billion target for this year.