The European Commission, the European Investment Bank (EIB) and Gavi signed a €500m agreement “to secure fair and equitable access” to Covid-19 vaccines for 92 low and middle-income countries, it said in a statement as quoted by EUobserver on Wednesday.
The deal is part of the Covax Facility aiming to make one billion doses of vaccines available for millions of people. The EU has allocated allocated more than €850m to Covax.