Biden to pledge US$4 billion to Covax vaccine programme at G-7 meeting

WASHINGTON (REUTERS) – The Biden administration will pledge US$4 billion (S$6.42 billion) to a vaccination programme for poorer countries at a global economic summit on Friday (Feb 19) in hopes that other countries will follow suit and contribute additional funds, US officials said on a Thursday press call.

At a meeting of the Group of Seven (G-7) nations, a summit for the world’s largest economies, the White House will announce plans to immediately grant US$2 billion to the international Covax programme, which aims to ensure a fair supply of coronavirus vaccines around the world, officials said.

The United States will supply the remaining US$2 billion over the next two years as other nations fulfill their own pledges, the officials said. The funding was approved by Congress earlier this month.