S Korea pledges $200mn to provide vaccines in lower-income countries

Sun Online Desk

13th June, 2021 06:35:39 PM printer

S Korea pledges $200mn to provide vaccines in lower-income countries


South Korean President Moon Jae-in has said his country will provide $200 million in aid through next year for equitable access of COVID-19 vaccines in lower-income countries.

President Moon, during a plenary session on health during a Group of Seven Summit, vowed to offer $100 million in grants this year.

Another $100 million will be given next year to the COVAX Advance Market Commitment, a financing framework made to have COVID-19 vaccines available at lower cost than usual in more than 90 developing countries with comparatively low incomes.

Moon was invited to attend the summit as a guest alongside his counterparts from Australia, India and South Africa, according to The Korea Herald.

Moon attended the plenary session with other guests to join the leaders of G-7 members, as well as chiefs of the World Health Organization, the World Trade Organization, the International Monetary Fund and the World Bank.

During his visit, Moon also met with Pascal Soriot, executive director and CEO of the Britain-based AstraZeneca, to reaffirm the importance of continued cooperation in global production and supply of COVID-19 vaccines.

In the 27-minute long meeting, Moon pledged to actively cooperate with the international community to ensure enough COVID-19 vaccines are provided globally, according to the presidential office.

More than 60 percent of those who have received their first jabs here were ones developed by the British pharmaceutical firm.

The AstraZeneca CEO also expressed appreciation for Korea’s role in the COVAX facility, as vaccines produced in the country have been provided to 75 nations within the coalition, the office added.