UK mobilizes US$1.0 billion from global donors to support COVAX Facility through match funding

The UK has mobilized an additional US$1.0 billion from global donors to support the COVAX Facility, which provides low-income countries with access to COVID-19 vaccines.

The UK government mobilized the money through match funding, pledging to provide £1.00 (US$1.30) for every US$4.00 dollars committed by other donors, up to the value of £250 million (US$324 million). This funding is on top of the £548 million (US$711 million) the UK pledged to the COVAX Facility.

This announcement came at the same time that the United Nations Secretary-General, António Guterres, made a three-day virtual visit to the UK (January 10-13, 2021) as part of the celebrations of the UN's 75th anniversary. Guterres held several meetings, including with the UK Prime Minister Boris Johnson, Foreign Secretary Dominic Raab, and Alok Sharma, who was previously Secretary of State for Business, Energy and Industrial Strategy, and is now full-time President of the UK-hosted COP26 climate conference that will take place in November 2021.

Press release - UK Government