The Bill and Melinda Gates Foundation announced Thursday it would contribute $1.6 billion to Gavi, the Vaccine Alliance, an organization that helps provide vaccines to developing countries.
The five-year commitment was announced at the Global Vaccine Summit 2020, hosted by British Prime Minister Boris Johnson.
“Not many people outside the global health sector have heard about Gavi, but over the past twenty years, it has transformed the way the world invests in and protects the health of its children,” Melinda Gates said in a statement. “If the current pandemic has reminded us of anything, it’s the importance of vaccinating against deadly diseases. The pledges that leaders are making today will help Gavi save even more lives.”
The Bill and Melinda Gates Foundation previously announced it would contribute $100 million to research for a COVID-19 vaccine.
Source: NBC News