Gavi: Covid-19

Lord Boateng Excerpts
Monday 18th May 2020

(3 years, 11 months ago)

Lords Chamber
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Baroness Sugg Portrait Baroness Sugg
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My Lords, in practical terms, our aim is to raise at least $7.4 billion to fund Gavi’s work over the next five years. That will save millions of lives. I encourage our international partners to follow the UK’s lead and step up their support to Gavi.

Lord Boateng Portrait Lord Boateng (Lab)
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My Lords, Gavi does an excellent job, as I have seen for myself, but if it is to make the impact that it deserves to make, African Governments must act to bridge the $66 billion per year gap in fund- raising. There is a great need for better internal resource mobilisation and enhanced investment in healthcare systems, research, laboratories and the local health industry. Will the Government look at how they can support UK academic research and financial institutions to help bridge that gap?

Baroness Sugg Portrait Baroness Sugg
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My Lords, yes, the UK is working very closely with international financial institutions such as the World Bank to bridge the gap in funding.