Germany's US$115 million Gavi pledge to be fully channeled to COVAX AMC

At a UN side event on the global initiative to accelerate the development, production, and equitable access to COVID-19 tools (Access to COVID-19 Tools Accelerator, or ACT-A), German Chancellor Angela Merkel announced that the special funds of €100 million (US$115 million) pledged to Gavi, The Vaccine Alliance, in June 2020 will be fully channeled to the COVAX AMC, a financing instrument that supports low- and lower-middle-income countries in the COVAX Facility.

Spearheaded by Gavi, the World Health Organization (WHO), and the Coalition for Epidemic Preparedness Innovations (CEPI), the COVAX Facility works to ensure that vaccines are accessible and affordable for all countries.

Merkel once more underscored the importance of equitable access to COVID-19 diagnostics, therapeutics, and eventually vaccines, and she called for a joint global response to fight the pandemic. 

German Development Minister Gerd Müller welcomed Merkel's announcement, emphasizing that access to vaccines “must not depend on whether you are rich or poor”. According to him, Germany will support 92 countries in procuring eventual COVID-19 vaccines with the €100 million provided. 

News article – Deutsche Welle

Press release – Federal Ministry for Economic Cooperation and Development