Gates donates $1.6 billion to support next generation through vaccinations

Read: At the 2020 Global Vaccine Summit, the Gates Foundation announced a five-year, $1.6 billion grant to the Gavi Alliance for Vaccine Immunization to deliver vaccines to the world's poorest countriesThe Bill and Melinda Gates Foundation (the Gates Foundation) today announced a five-year, $1.6 billion grant to the Global Alliance for Vaccine Immunization (Gavi) to deliver vaccines to the world's poorest countriesThe pledge was made at the 2020 Global Vaccine Summit, chaired by British Prime Minister Boris Johnsonfunds raised at today's summit will be used by Gavi to carry out the next strategic phase of vaccination of an additional 300 million children in the world's most vulnerable communities and saving up to 8 million livesBy then, the number of children vaccinated with Gavi support will total over 1 billionin addition to continuing to support routine immunization activities during the New Crown pneumonia outbreak, Gavi will also play an important role in ending the New Crown outbreak itselfWith the introduction of the New Crown Pneumonia vaccine, Gavi can use the vaccine delivery experience gained over the past 20 years to help low-income countries with new crown vaccinations, Gavi has long worked closely with governments, vaccine suppliers, donors and other partners in developing countries worldwide, with significant resultsBut even with these significant advances, one in 10 children worldwide in 2018 will still be unvaccinated against basic vaccinesIn addition, the outbreak of new crown pneumonia has had a serious impact on health systems and supply chains, preventing health workers from working safely in communities, which will result in millions of children missing out on immunization opportunitiesthe Gates Foundation has supported Gavi since it was founded 20 years agoDuring this period, Gavi has vaccinated more than 750 million of the world's 1 billion children, saving 13 million lives and halving the number of child deaths in aided countriesDrNgozi Okonjo-Iweala, President of theGavi Council, said: "The New Crown Pneumonia pandemic has been one of the most difficult times in human history, disrupting the pace of various vaccine immunization programmes around the world and causing significant economic lossesThe Gates Foundation's commitment will play a key role in supporting several countries in preventing the resurgence of vaccine-preventable, deadly diseasesThe Gates Foundation will also provide a $100 million grant to support Gavi's new "New Coronary Pneumonia Vaccine Premarket Purchase Commitment Mechanism" to procure a new coronapneumonia vaccine for low-income countries These include a new $50 million grant announced today by the Gates Foundation and a $50 million grant pledged at the Global Response Summit on Coronavirus in May Today's commitment also includes a $75 million grant from the Gates Foundation to the Gavi Match Fund in January 2020 There are deletions