400 million euro European Union contribution to COVAX mechanism

September 21, 2020

Hat: 400 million euro European Union contribution to COVAX mechanism

Amorce:

The “Team Europe” has chosen to contribute 230 million euros to the COVAX mechanism through a loan to the European Investment Bank. This will be supplemented by 170 million euros in financial guarantees directly borrowed from the European Union budget.

Text:

COVAX is the vaccines pillar of the Access to COVID-19 Tools (ACT) Accelerator, a global collaboration to accelerate the development, production, and equitable access to COVID-19 tests, treatments, and vaccines.  Team Europe is ready to offer expertise and resources to the COVAX Facility to accelerate and scale-up the development and manufacturing of vaccines for citizens across the world, in poor and rich countries. The European Commission is committed to ensuring that everyone who needs a vaccine gets it, anywhere in the world and not only at home.

Url description: Press room – European Commission

Url: https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1694

Url info description: https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1540

Url info: https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1540