The European Union announced it is doubling its contribution to the Covax global Covid-19 vaccination programme

Brussels, Feb 19 (AFP/APP): The European Union announced on Friday it is doubling its contribution to the Covax global Covid-19 vaccination programme to one billion euros ($1.2 billion).

EU chief Ursula von der Leyen declared the increased funding from the bloc’s budget, and pledged a further 100 million euros in aid to support the fight against the virus in Africa, in a videolink appearance at a G7 summit. The move comes as world powers look to ramp up support for poorer nations in the face of accusations that rich countries are hoarding vaccines against the coronavirus and leaving other parts of the globe behind.

US President Joe Biden was set to pledge $4 billion in aid to Covax during the virtual meeting with other leaders from the Group of Seven major industrial nations. Covax is a global project to procure and distribute coronavirus vaccines for at least the most vulnerable 20 percent in every country, allowing poorer states to catch up with the vaccination rush by dozens of wealthy countries.