Eduardo González
The Council of Ministers yesterday authorized a multi-year voluntary contribution from Spain of 170 million euros, distributed over the period 2023-2035, to the Global Alliance for Vaccines (GAVI) and the Coalition for Epidemic Preparedness Innovations (CEPI) through the International Finance Facility for Immunization.
Specifically, the voluntary contribution will be distributed in two parts: 95 million will go to GAVI, a public-private global health initiative aimed at facilitating access to basic and modern vaccines for children and adolescents in developing countries. One year ago, in October 2022, the Council of Ministers authorized a voluntary contribution of 100 million euros to GAVI for the period 2022-2035.
GAVI is in charge of leading the vaccine pillar (also called COVAX) of the Accelerating Access to Anti-Pandemic Tools for COVID-19 (ACT-A) initiative, an international collaborative framework that brings together governments, health organizations, scientists, businesses, civil society organizations and philanthropists and whose founding countries include Spain. ACT-A as a whole is framed within the Plan of the World Health Organization (WHO) and is structured in three pillars, each of them co-led by different Global Health Institutions.
75 million will go to CEPI, a public-private partnership whose mission is to accelerate the development of vaccines against emerging infectious diseases and to facilitate equitable access for all citizens during outbreaks.
The contribution will be made through the International Finance Facility for Immunisation (IFFIm), an innovative financial instrument through which the World Bank issues bonds backed by pledged donor contributions.
