"This is Germany's contribution towards ensuring that developing countries have access to COVID-19 vaccines," the official said during an international conference. "Today, I am in a position to announce another €100 million that we have earmarked as special funds for Gavi," Merkel said on the vaccine alliance.
As the World Health Organization (WHO) rushes to guarantee access to a COVID-19 vaccine via its COVAX facility, the organization reported that although already $3 billion has been received, they need another $35 billion to achieve its goal.
"The Access to #COVID19 Tools Accelerator harnesses the power of science and partnerships to develop solutions and deliver them in a spirit of solidarity.
Today the organization explained via Twitter that governments must contribute to its ACT-Accelerator to develop the vaccine. The amount need is "less than 1% of what G20 governments have already committed to domestic stimulus packages."
In other words, the amount "it’s roughly equivalent to what the world spends on cigarettes every 2 weeks," the WHO explained.
As Germany has already committed to another $675 million, other countries such as the United Kingdom, Switzerland, and Canada have also contributed.