EIB President Werner Hoyer joined leaders from the G7, G20 and the African Union in Berlin for the Break COVID Now summit, hosted by the German Chancellor.
COVAX has received €900 million from the European Investment Bank as part of Team Europe.
President Hoyer pledged an additional €1 billion, subject to EIB shareholder approval, to help Gavi COVID-19 Vaccines Advance Market Commitment (COVAX AMC) respond quickly to unexpected COVID-19 pandemic risks.
This funding will allow Gavi to frontload additional capital, support the pandemic vaccine pool, improve vaccine supply and delivery logistics and also help acquire doses from local manufacturers, particularly in Africa.
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