The UK hosted its first virtual G7 leaders' meeting on February 19, 2021, after which "collective G7 support" totaled US$7.5 billion for the Access to COVID-19 Tools Accelerator (ACT-A), an increase of over US$4.0 billion.
ACT-A's vaccine pillar, COVAX, is co-led by Gavi, the Vaccine Alliance, the World Health Organization (WHO), and the Coalition for Epidemic Preparedness Innovations (CEPI), and it aims to ensure an equitable distribution of vaccines, including to low-income countries.
At the meeting, the US under the new Biden administration pledged to provide US$4.0 billion in development assistance to COVAX over the next three years, Germany pledged an additional US$1.8 billion, and the EU pledged an additional US$608 million.
These commitments were welcomed by the WHO Director-General, Tedros Adhanom Ghebreyesus, but he noted that more needs to be done. At present, only 10 countries have administered 75% of all vaccinations worldwide, with 130 countries not yet receiving a single dose.
French President Emmanuel Macron is calling for greater action to address the imbalance, with a drive to get Europe and the US to provide 5% of their own supplies to low-income nations. The UK has ruled out doing this and has committed only to providing its surplus vaccines after its entire population has been vaccinated. This decision has been criticized by some UK global health experts, who have questioned the ethics of such a decision, whereby young people in the UK will receive the vaccine ahead of health workers and elderly in other countries.