Developing Countries: Coronavirus

(asked on 4th June 2020) - View Source

Question to the Department for International Development:

To ask the Secretary of State for International Development, what discussions she has had with representatives of international financial institutions on financing potential vaccinations and treatments for covid-19 in developing countries.


Answered by
Wendy Morton Portrait
Wendy Morton
This question was answered on 10th June 2020

The DFID Secretary of State regularly speaks with counterparts in the International Financial Institutions (IFIs) on a range of issues. DFID officials have also been working closely with the IFIs and have had initial conversations on the possibility of financing potential COVID-19 vaccines and treatments in developing countries. We also worked with the World Bank Group, Gavi, the Vaccine Alliance, and others, to launch a brand-new scheme to ensure global vaccine production at the UK-hosted Global Vaccine Summit, on 4 June. The COVAX Advance Market Commitment for COVID-19 vaccines is aimed at incentivising vaccine manufacturers to produce sufficient quantities of a potential COVID-19 vaccine and to ensure future access for low- and middle-income countries. The UK has contributed over £48 million ($60.6 million) to this initiative.

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