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Reuters
Reuters
Health
By Michael Erman

GAVI financing to allow for immediate funds for next pandemic

Gavi Seth Berkley Vaccine COVAX
FILE PHOTO: A member of the National Guard looks on as a batch of AstraZeneca coronavirus disease (COVID-19) vaccines, delivered under the COVAX scheme, is unloaded from a KLM Boeing 787 at Benito Juarez International Airport in Mexico City, Mexico May 27, 2021. REUTERS/Henny Romero/File Photo

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.

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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