Today, at the Global Gateway Forum in Brussels, the EU signed an additional €500 million for global health reinforcing the financing partnership recently launched between the European Commission, the European Investment Bank (EIB) and the Bill & Melinda Gates Foundation and a further €134 million to increase local manufacturing and equitable access to quality, safe, effective and affordable health products in six African countries.
President Ursula von der Leyen said: “One of the key lessons of the COVID pandemic was that vaccine and medicines sovereignty is key to defeating global health threats. This is why, also thanks to Global Gateway, Team Europe is investing massively in local vaccine and medicines production around the world, with more than €1.2 billion for Africa already. Among many other projects, the mRNA technology vaccine manufacturing in Africa and for Africa will be a game changer to fight many diseases, from Malaria to COVID.”
The €500 million signed today will reinforce the financing partnership recently launched between the European Commission, the European Investment Bank (EIB) and the Bill & Melinda Gates Foundation, bringing the total amount for advancing global health to €1.6 billion under this partnership. This additional funding provides a significant boost to strengthening healthcare capacities worldwide and contributing to making health innovations more accessible, increasing the security of pharmaceutical supply chains, and preparing for future pandemics.
The European Commission will guarantee €500 million in loans by the EIB, focusing on commercially viable private sector initiatives by micro, small and medium-sized enterprises to strengthen health systems, primary health care R&D, production and marketing of vaccines, medicines and medical technology and skills. The funded projects in Africa, Latin America and the Caribbean, and Asia, will be jointly developed by the EIB, the European Commission and the Bill & Melinda Gates Foundation. Projects can cover, for example, efforts to make health innovations such as mRNA-based vaccines and therapeutics more accessible to people in low- and middle-income countries or increasing the diagnostic and health laboratory capacity of African countries.
During the Forum, the EU also announced an additional €134 million to increase local manufacturing and equitable access to quality, safe, effective and affordable health products in Egypt (€3 million), Ghana (€32 million), Nigeria (€18 million), Rwanda (€40 million), Senegal (€25 million) and South Africa (€16 million).
The funds will complement on-going activities of the Team Europe Initiative on Manufacturing and Access to Vaccines, Medicines and Health Technologies in Africa (MAV+), launched by President Ursula von der Leyen in May 2021 in response to the call from the African leaders to step up local manufacturing of vaccines in Africa for Africa in line with the Partnerships for African Vaccine Manufacturing launched by the African Union. The implementation of the initiative is a key priority of the EU Global Health strategy, which is a fundamental part of the Global Gateway Strategy, and of the African Union – European Union Innovation Agenda. The additional funding announced today will support the creation of sustainable ecosystems for equitable access to and local manufacturing of vaccines, medicines and health technologies in six African countries.
Source: European Commission