The US will provide 500 million doses of COVID-19 vaccine to other countries Business and Economy News

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Vaccines will be given to 92 low-income countries and the African Union over the next year.

The Biden administration has reached an agreement with U.S. vaccine manufacturers to provide 500 million doses of COVID-19 vaccine to 100 countries over the next year.

As he prepares for a round of summit meetings with European leaders, President Joe Biden was under pressure do more to make U.S. vaccines available to the poorest nations.

Biden will announce the plan at a three-day meeting of the Group of Seven (G7) nations summit in Cornwall, UK, which will begin on June 10, according to people who spoke to the Washington Post.

A reporter asked Biden when he was boarding Air Force One for the flight to the UK if he had a vaccination strategy for the world. “I have one, and I’ll announce it,” Biden said.

The United States will pay “nonprofit” prices to Pfizer and BioNTech for supplying vaccines with 200 million doses to be distributed this year and another 300 million by mid-next year, according to the New York Times.

COVID-19 vaccine doses would be purchased by the U.S. government and then given to 92 low-income countries and the African Union over the next year, news agencies The Associated Press and Reuters reported, citing sources anonymous familiar with the matter.

How to address the disparity in vaccine availability between rich industrialized nations and poorer developing countries has been at the forefront the G7 agenda.

Although much of the U.S. and UK population has received vaccines and COVID-19 cases have declined, the pandemic continues to rage elsewhere, with Brazil and India suffering in large numbers. of the dead.

The World Health Organization has estimated that 11 billion doses will be needed to vaccinate the world.

Last week, Biden had pledged to share 80 million doses of vaccine with other countries with most of which will be distributed by COVAX, a global alliance of multilateral agencies.

The Biden administration is struggling to achieve his goal to vaccinate 70% of American adults before July 4, the nation’s independence day.

The United States has administered 303 million vaccine bites to more than 171 million people who have received at least one dose, according to the U.S. Centers for Disease Control and Prevention.

The U.S. number includes 140 million who are fully vaccinated with two doses, or about 42 percent of the U.S. population, according to CDC data.

The Pan American Health Organization has warned that the 2021 increase in COVID-19 in Latin America could be worse than in 2020. Virus cases are rising across South and Central America.

The governments of India, which set a record record of 4,529 daily deaths on May 19, and Brazil, which saw it more than 2,500 people die on June 2, we struggled to procure more doses of vaccine.





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