Despite falling short of expectations, Second Global COVID-19 Summit mobilizes US$3.2 billion in new pledges, establishes new World Bank fund

Global leaders pledged an additional US$3.2 billion in new and additional funding during the second Global COVID-19 Summit, which took place virtually on May 12, 2022. The meeting included commitments related to COVID-19 Vaccines Global Access (COVAX), Coalition for Epidemic Preparedness Innovations (CEPI), and the Access to COVID-19 Tools Accelerator (ACT-A) in addition to licensing, reducing the price of oral antiretrovirals, and the creation of a fund to prevent future pandemics to be housed within the World Bank.

A country-by-country breakdown can be found in our recent Commentary