The GAVI Alliance, the world’s biggest supporter of vaccines for poor countries, aims to raise $7.5-billion for an ambitious program to immunize 300 million children over five years, Bloomberg writes.
The Geneva-based charity has raised some $12-billion from governments and private donors since its inception in 2000, more than $2.5-billion from the Bill & Melinda Gates Foundation. GAVI has made deals with 14 pharmaceutical firms to reduce vaccine costs in the developing world, helping to inoculate 440 million children in 70 countries.
Unveiling a program Tuesday for its work from 2016 to 2020, the alliance raised concerns about vaccine prices in 22 countries whose economic growth will make them ineligible for GAVI aid by the end of that period. Ramping up immunizations could add $100-billion to developing nations’ economies via lower health-care spending and greater productivity, helping them ultimately pay more for vaccines, the organization said.
From Philanthropy Today