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Deciding the Fate of Billions: What's Next for Gavi's Unspent COVAX Funds? | Center For Global Development

In the aftermath of the COVID-19 pandemic, Gavi faces an unprecedented situation. Billions of dollars that it raised back in 2022 for COVAX the global effort to provide COVID-19 vaccines to lower-income countries remain unspent. These resources are substantial, exceeding the entire annual budget of the World Health Organization (WHO) and are three times the amount allocated to the World Bank-managed Pandemic Fund. However, there is a lack of clarity about how much is remains unspent and a lack of transparency regarding the decision-making process and trade-offs associated with different options to spend this money. ....

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