- EIB Group commitment at European Union-led global Pledging Conference
- International partners pledge support for urgent funding to develop effective coronavirus vaccines and build capacity for early manufacturing at scale of diagnostics, vaccines and treatments
- Pledging Conference follows recent new EIB supported initiatives including agreements with the WHO, CEPI and the UN-Habitat
The European Investment Bank (EIB) Group today joined a global fundraising effort in the fight against the coronavirus. The European Union-led global Pledging Conference, co-chaired by the President of the European Commission Ursula von der Leyen and other world leaders, aims to raise an initial €7.5 billion to end this pandemic.
The EU will team up with partners around the globe to hold a pledging initiative, with the aim of raising urgently needed funding to develop effective coronavirus vaccines quickly, build capacity for early manufacturing at scale of diagnostics, vaccines and treatments. Alongside the funding pledges, the initiative will also aim to secure high-level political commitment to ensuring equitable access to products created to tackle this pandemic.
The EIB is building a pipeline of potential investments in vaccine, treatments and diagnostics for the fight against COVID-19, leveraging on global partnerships with organisations including the European Commission, the WHO, and the Coalition for Epidemic Preparedness Innovations (CEPI), also with the objective to achieve sufficient manufacturing capacity. All this effort is complemented by what the EIB is doing in health and pandemic preparedness both inside and outside EU. The EIB has built a pipeline of projects of around EUR 6 billion of financing with partners in the health and life science sectors.