Norway to pledge $1 billion on fight against COVID-19 and other diseases
Norway Prime Minister Erna Solberg on Monday pledged that Norway will donate $1 billion to support the distribution of any vaccine developed against COVID, as well as other diseases.
The pledge by Norway was made on a donor conference held by the Europian Union last Monday, May 4.
“This is a global problem that needs common solutions between countries, not least with distribution, so that everyone gets access to the vaccine,” Solberg said.
The $1 billion donation by Norway will proceed to the Global Alliance for Vaccines and Immunisation (GAVI), an international partnership of private and public organizations focusing on immunization worldwide.
Norway will also donate an additional $50 million to the World Health Organization (WHo) towards the fight against COVID-19.
Aside from the pledged donations, Norway also announced to fund the Norway-based Coalition for Epidemic Preparedness Innovation (CEPI), allocating $215.50 million to fight against emerging epidemics by funding the developments of new vaccines.
“It was also in the interest of western nations to help developing nations with their coronavirus response to prevent long-term problems,” Solberg stated.
The EU-led donor conference raised $8.23 billion towards the testing, treatment, and prevention of the coronavirus.
Norway is co-chair on the EU-led initiative event, for its commitment towards global health initiatives.