Ireland spends 18 million euros to support coronavirus researchers

The Irish government has pledged €18 million to a joint global effort to defeat the coronavirus.

The funds will go to GAVI, the Vaccine Alliance, to support it’s work in procuring vaccines and distributing them to the world’s poorest and most vulnerable countries, including a vaccine for COVID-19 when it becomes available.

Monday’s pledge brings the total that Ireland has already committed to combat Covid-19 to €78 million. This will support the work of multilateral institutions including the World Health Organisation, UNICEF and the UN Central Emergency Response Fund, and will assist NGOs and bilateral partners, including Tanzania, Malawi, Uganda and Ethiopia.

Joining world leaders by video for the ‘Coronavirus Global Response International Pledging Event’, co-hosted by the EU, the Taoiseach Leo Varadkar said Monday:

“The only way we can defeat a global threat is by working together on a multilateral basis. Ireland and the European Union are committed to doing exactly that.

Working together we can develop an effective vaccine, effective treatments, testing systems that work, diagnostics and therapeutics. Ireland wants to play its part in this effort.

Sooner or later we will defeat this virus. We will develop the vaccine that prevents it and the medicines that treat the disease. It is really important that nobody in the world is left out when that happens.”

Monday’s conference was about trying to close the €7.5 billion funding gap identified by the Global Preparedness Monitoring Board to rapidly develop solutions to test, treat and protect people against COVID-19.