US Will Send $2 Billion to Global Vaccine Program for Developing Countries

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  • President Joe Biden will announce plans to contribute up to $4 billion to a global vaccine program aimed at assisting developing countries to get the COVID-19 vaccines
  • The US will contribute an initial $2 billion in the coming weeks to the World Health Organization (WHO)-backed vaccine program called COVAX, which provides access to vaccines for 92 countries
  • The remaining $2 billion will be contributed over the next 2 years, including another $500 million when other donor pledges are fulfilled
  • Officials say providing these funds to developing countries will reduce the risk of mutations that could extend the pandemic
  • Senior administration officials also said the US will only consider donating vaccines to lower income countries once enough supply has been secured for Americans