G7 more than doubles contribution to COVAX

G7 more than doubles contribution to COVAX
  • Clock-gray 02:24
  • calendar-gray 20 February 2021

G7 leaders have pledged to intensify co-operation on Covid-19 and increase their contribution to the Covax vaccine-sharing initiative, APA reports citing BBC.

In a joint statement released after a virtual summit on Friday, G7 leaders raised their overall commitment to $7.5bn (£5.3bn).

Wealthy countries are facing growing pressure to make sure lower-income nations get fair access to vaccines.

President Joe Biden has pledged $4bn in US aid to the fund.

An initial $2bn will be donated in 2021, with an additional $2bn coming over the next two years.

Germany pledged an additional $1.2bn with Chancellor Angela Merkel telling journalists: "I stressed in my intervention that the pandemic is not over until all people in the world have been vaccinated."

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