EIB responds with €300m to boost COVID vaccine deliveries to countries in need
January 20, 2022
European Investment Bank President Werner Hoyer backed a new funding call from COVAX, the global initiative to ensure equitable access to COVID-19 vaccines around the world.
Speaking at the COVAX AMC Investment Opportunity event, President Hoyer said that the EIB would make an extra €300 million available to enable African countries to access additional doses through COVAX.
“I am also pleased to confirm the EIB’s support for an additional €300 million of financing to accelerate local vaccine deployment in countries most exposed to the pandemic through innovative cost-sharing and generate a positive impact where budget constraints might otherwise hinder effective public sector health response,” said Hoyer.
Including contributions from the European Commission, EU countries and the EIB, Team Europe has committed more than €3 billion to making COVID-19 vaccines more accessible around the world through COVAX.
COVAX is leading the largest vaccine procurement and supply operation in history. Rapidly put together at the start of the pandemic, it has delivered COVID-19 vaccines to 144 countries to date.