The United States has pledged $4 billion to the COVAX initiative dedicated to guaranteeing equitable access to Corona vaccines for 92 low and middle-income governments.
With this substantial donation, the U.S. becomes the biggest COVAX donor. Germany is second with $1 billion in donation pledges. The UK, the former biggest donor, slides in third place with more than $730 million pledged as of December 2020. COVAX, which stands for COVID-19 Vaccines Global Access, wishes to distribute fairly more than two billion doses to the countries that need it the most by the end of 2021.
The U.S. government will give the first $2 billion in the coming days, and the remaining $2 billion over the next two years. COVAX receives donations not only from governments but also from organizations, corporations, and foundations, including The Bill and Melinda Gates Foundation which pledged $150 million.