UK pledges 210 million pounds to global push for coronavirus vaccine

LONDON (Reuters) - Britain pledged on Thursday to contribute 210 million pounds ($253 million) to the international coalition to find a vaccine against coronavirus, which it said made it the biggest contributor. Announcing the commitment after a virtual summit with other G20 leaders, Prime Minister Boris Johnson called on governments to work together to create a vaccine as quickly as possible and make it available to anyone who needs it

Reuters March 27, 2020 00:17:39 IST
UK pledges 210 million pounds to global push for coronavirus vaccine

UK pledges 210 million pounds to global push for coronavirus vaccine

LONDON (Reuters) - Britain pledged on Thursday to contribute 210 million pounds ($253 million) to the international coalition to find a vaccine against coronavirus, which it said made it the biggest contributor.

Announcing the commitment after a virtual summit with other G20 leaders, Prime Minister Boris Johnson called on governments to work together to create a vaccine as quickly as possible and make it available to anyone who needs it.

"My call to every G20 country and to governments around the world is to step up and help us defeat this virus," Johnson said in a statement.

The British funding is being channelled to the Coalition for Epidemic Preparedness Innovations (CEPI), which has said it requires an additional $2 billion in funding from governments to develop the crucial vaccine.

"If all G20 governments pledged $100 million funding, this shortfall would be met instantly," the British government statement said.

The director of the Wellcome Trust, an independent health foundation, has said the world needs $8 billion for the immediate research and development needs of creating, testing and trialing a potential vaccine.

That estimate does not include the cost of manufacturing and distributing any vaccine.

Around 60 or more research projects worldwide are currently seeking to develop a vaccine.

The British government has so far committed a total of 544 million pounds of aid money to the international effort against coronavirus.

That includes 71 million pounds in previously announced funding for vaccine and diagnostics research, and up to 150 million for the International Monetary Fund to help mitigate the impact of the pandemic on vulnerable countries.

(Reporting by Estelle Shirbon; editing by Stephen Addison)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

France, Germany to agree to NATO role against Islamic State - sources
| Reuters
World

France, Germany to agree to NATO role against Islamic State - sources | Reuters

By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States

China's Xi says navy should become world class
| Reuters
World

China's Xi says navy should become world class | Reuters

BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.