London Daily

Focus on the big picture.
Saturday, Jul 05, 2025

Covax Says Needs $2 Bilion Addition Funding By June For Poor Countries

Covax Says Needs $2 Bilion Addition Funding By June For Poor Countries

"We need an additional $2 billion to lift coverage... up to nearly 30 percent, and we need it by June 2 to lock in supplies now so that doses can be delivered through 2021, and into early 2022," the mechanism's organisers said.
The Covax global vaccine-sharing programme said Thursday it needs $2.0 billion in additional funding by the beginning of June in order to boost coronavirus inoculation programmes in lower-income countries.

"We need an additional $2 billion to lift coverage... up to nearly 30 percent, and we need it by June 2 to lock in supplies now so that doses can be delivered through 2021, and into early 2022," the mechanism's organisers -- which include the World Health Organization and the Gavi alliance -- said in a statement.

"If the world's leaders rally together, the original Covax objectives - delivery of two billion doses of vaccines worldwide in 2021, and 1.8 billion doses to 92 lower-income economies by early 2022 - are still well within reach," the statement said.

"But it will require governments and the private sector to urgently unlock new sources of doses, with deliveries starting in June, and funding so we can deliver."

Covax said it has already delivered 70 million vaccine doses to 126 countries, but faces a shortfall of 190 million at the end of June because of the "severe impact on Covax's supply in the second quarter of this year... (from) the terrible surge of the virus in India".

India's Serum Institute is the world's largest vaccine manufacturer by volume, producing 1.5 billion doses a year even before the coronavirus pandemic hit.

Even though Covax will have larger volumes available later in the year through the deals it has secured with several manufacturers, "if we do not address the current, urgent shortfall the consequences could be catastrophic," the organisers warned.

Covax welcomed the vaccine pledges made so far by countries such as France, Germany, Sweden, Italy, Spain, New Zealand and the United Arab Emirates.

The United States has promised to supply around 80 million doses -- the largest donation from a single country -- but has so far not said how the jabs would be distributed or which countries would receive them.
Newsletter

Related Articles

0:00
0:00
Close
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
King Charles Plans Significant Role for Prince Harry in Coronation
Two Chinese Nationals Arrested for Espionage Activities Against U.S. Navy
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
Trump Administration Considers Withdrawal of Funding for Hospitals Providing Gender Treatment to Minors
×