Biden administration pledges $4billion for Covid-19 vaccines for poor countries.

The Biden administration has pledged $4 billion to a coronavirus vaccination program for poorer countries in hopes of prying loose bigger donations from other governments.

U.S. President Joe Biden used his first meeting with leaders of Group of Seven advanced economies on Friday to announce an immediate $2 billion donation to the COVAX program co-led by the World Health Organization. COVAX aims to ensure a fair supply of coronavirus vaccines around the world.

The United States will provide the remaining $2 billion over the next two years as other nations fulfill and make their own pledges, the officials said.

“We want to turn this into a way to translate $2 billion into several billion dollars, up to at least $15 billion,” said one of the officials, estimating the total amount needed for the global vaccination drive.

The U.S. funding has already been approved by Congress.

Biden's action is a sharp departure from his predecessor Donald Trump's threat to withdraw from the WHO, which he accused of being too close to China, where the novel coronavirus emerged in late 2019.

Cc: reuters.com

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