GAVI raises $152 million for vaccinations with private sector partnerships
Wednesday, January 29, 2014
The GAVI Alliance announced on Friday that it secured $152 million to immunize children against disease using private sector partnerships, a unique funding mechanism leveraging cash and expertise from corporations and foundations.
GAVI made the announcement at a CEO breakfast on Friday that took place during the World Economic Forum in Davos, Switzerland. Since GAVI established its Matching Fund in June 2011, 12 private sector partners have donated $76 million, an amount matched by either the Bill & Melinda Gates Foundation or the U.K. government.
“Every twenty seconds a child dies from preventable diseases,” Justine Greening, the international development secretary for the U.K., said. “Britain is supporting GAVI’s work across the developing world to help end this tragedy. Just as Britain is harnessing the private sector to change the way we do development, these business partnerships are delivering the investment needed to bring life-saving vaccines to millions of the world’s poorest children.”
- Health Care