The White House is throwing its support behind a global push to distribute coronavirus vaccines equitably, pledging $4 billion to a multilateral effort the Trump administration spurned.
At a Group of Seven meeting of leaders of the world’s largest economies Friday, President Biden will announce an initial $2 billion in funding for Gavi, the Vaccine Alliance, to be used by the Covax Facility, senior administration officials said in a briefing.
The United States will release an additional $2 billion over two years once other donors have made good on their pledges and will use this week’s G-7 summit to rally other countries to do more. Continue reading.