Biden to announce billions in aid for global vaccine effort at G7
CNN
President Joe Biden will unveil a $2 billion US contribution to a global coronavirus vaccine initiative when he speaks with the leaders of the world's leading market economies on Friday, according to senior administration officials, boosting efforts to distribute shots to low- and middle-income countries as wealthier nations snap up the limited supply.
The announcement, which Biden will announce on a call with G7 leaders, will provide a boon to Covid-19 Vaccines Global Access, or COVAX, which is led by the World Health Organization. It is the first US contribution to the scheme, which was snubbed by President Donald Trump. Biden will also pledge an additional $2 billion in funding contingent on contributions from other nations and dose delivery targets being met. The money has already been appropriated by Congress.
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