At the Global Gateway Forum in Brussels, the EU signed an additional €500 million for global health reinforcing the financing partnership recently launched between the European Commission, the European Investment Bank (EIB) and the Bill & Melinda Gates Foundation and a further €134 million to increase local manufacturing and equitable access to quality, safe, effective and affordable health products in six African countries.
The €500 million signed will reinforce the financing partnership recently launched between the European Commission, the European Investment Bank (EIB) and the Bill & Melinda Gates Foundation, bringing the total amount for advancing global health to €1.6 billion under this partnership.
This additional funding provides a significant boost to strengthening healthcare capacities worldwide and contributing to making health innovations more accessible, increasing the security of pharmaceutical supply chains, and preparing for future pandemics.
During the Forum, the EU also announced an additional €134 million to increase local manufacturing and equitable access to quality, safe, effective and affordable health products in Egypt (€3 million), Ghana (€32 million), Nigeria (€18 million), Rwanda (€40 million), Senegal (€25 million) and South Africa (€16 million).