While U.S. investment in COVAX will go some way towards helping poorer countries, administraton officials said the move will benefit Americans as it will reduce the risk of dangerous Covid-19 mutations developing that could prolong the pandemic. Before U.S. involvement, the UK was the biggest COVAX donor with more than $730 million pledged as of December 2020, according to Gavi, the Vaccine Alliance. It has now slipped down to third position with Germany moving into second with around $1 billion of funding pledged.
Governments are not the only COVAX donors and the intiative has received funding from an array of foundations, corporations and organizations. The Bill and Melinda Gates Foundation is among the largest donors, pledging more than $150 million. COVAX is aiming to fairly distribute more than two billion doses to the governments that need them most by the end of the year.

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