India-UK Current Affairs - 2020

GAVI Alliance: India pledges 15 million USD

On June 4, 2020, PM Modi participated at the Global Vaccine Summit that was led by the United Kingdom. At the summit, the prime minster announced that India will pledge 15 million USD to GAVI Alliance.

Highlights

The world leaders have come together to find a vaccine to the COVID-19 with GAVI as an integrating platform. The Global Vaccine Summit organized by UK discussed on collecting funds for GAVI. Over 50 countries participated in the programme.

India at GAVI

India has now become a big supporter of the alliance. This saved GAVI 400 million USD in the past five years. Earlier India was only a beneficiary. Since 2014, India had become a donor. Till date India has donated 12 million USD to the Alliance.

PM Modi at the Summit

PM Modi highlighted the following at the summit

  • India shared its medicines to more than 120 countries.
  • India understands the importance of immunization. India has so far added six vaccines to its National Immunization Programme.
  • India has digitized the vaccine supply chain
  • The cold supply chain of the vaccines in India is being monitored by electronic intelligence network

India joins virtual Global Vaccine Summit

India is to join the UK-led virtual Global Vaccine Summit. India will be one among the 50 countries participating at the summit.

Highlights

The summit is being held to raise at least 7.4 billion USD of funds for GAVI, the Vaccine Alliance.  The UK is currently playing a larger role. The country had set a Vaccine Task Force to support the COVID-19 Vaccine discovery.

GAVI: Vaccine Alliance

The GAVI alliance was set up in 2000 under the partnership of UNICEF, WHO, Bill and Melinda Gates Foundation, World Bank, research agencies, vaccine manufacturers and several other private sector partners.

The main aim of the alliance is to strengthen primary health care, bring the countries closer to Sustainable Development Goals and make sure no one is left behind.

India and GAVI

In 2014, India became a donor country from a recipient. Till date India ahs contributed 12 million USD to the Alliance.