
In the wake of US defunding of Gavi, the Vaccine Alliance, world leaders this week at the "Health and Prosperity through Immunisation" global summit in Brussels pledged €7.7 billion ($9 billion US) to support the group, according to a joint press release posted by the European Commission (EC).
Gavi's target budget for 2026 through 2030 is €10.2 billion ($12 billion). Leaders also committed an unprecedented €3.8 billion ($4.5 billion) in complementary financing from development finance institutions in support of (1) country systems and accelerated access to vaccines, (2) cost savings of up to €170.6 million ($200 million) from manufacturers, and (3) more than €127 million ($149 million) in private sector partnerships focused on vaccine delivery.
Other innovation and supply commitments will further boost equitable access to critical vaccines around the globe and a range of private-sector partnerships aimed at transforming immunization systems in lower-income countries, including a €34.1 million ($40 million) anchor commitment toward a new Innovation Scale-Up Fund.
Investing in global health
The summit, co-hosted by the European Union, Gates Foundation, and Gavi, in partnership with Global Citizen, was attended by representatives of 55 donor and implementing countries—including 10 heads of state and government and 24 ministers—as well as leaders from multilateral institutions, civil society, the private sector, and the vaccine industry.
In a constrained budget environment, it's even more important to focus aid funding on the investments that really work. And Gavi is exactly that.
EC President Ursula von der Leyen said, "Investing in health is investing in our shared future. Our work with Gavi saves lives. For over 20 years, we have stood side by side, with the European Union contributing over EUR 3.2 billion [$3.75 billion] to vaccinate more than 1 billion children against deadly diseases. But millions still need this vital protection."
Antonio Costa, president of the European Council added, "We have to ensure that every person, everywhere, has access to vaccines."
Bill Gates, chair of the Gates Foundation, said, "In a constrained budget environment, it's even more important to focus aid funding on the investments that really work. And Gavi is exactly that."