The support is a first step to grow the facility’s long-term capacity to contribute to health resilience in Africa for many years to come. The technical assistance will help mobilize technical and financial resources from public and private entities to contribute to the development of IPD’s vaccine manufacturing facility in Dakar. The support from the development finance institutions (DFIs) comes at a critical time for Africa, with approximately 1 percent of Africa’s 1.1 billion people vaccinated, it has the lowest rate of vaccination of any continent. Working together with partner development finance institutions, support for IPD will seek to address both of these issues for Africa, not only in the context of COVID-19, but long-term. The COVID-19 pandemic has challenged health systems around the world and highlighted both the dependency on more developed markets for pharmaceuticals, medical supplies, and vaccines, as well as disparities in access to these critical products. DFC’s support for this project also builds on collaborative work with the National Institutes of Health and the Centers for Disease Control and Prevention, which have a longstanding relationship with IPD. DFC’s effort is a core part of the Biden Administration’s effort to boost manufacturing in multiple regions, in large and small countries and with different technologies. It also aligns with the Administration’s COVID-19 Global Response and Recovery Framework. The investment in IPD represents DFC’s third investment in boosting global vaccine manufacturing. “Working with the IFC and European partners, our contribution will boost COVID-19 vaccinations on the African continent and contribute to long-term health and prosperity.” With COVID-19 cases on the rise in Africa, this critical investment in vaccine manufacturing capacity in Senegal could not come at a better time,” said David Marchick, DFC’s Chief Operating Officer. “DFC is proud to highlight our commitment to IPD, as part of our effort under President Biden’s leadership to support vaccine manufacturing capacity across the globe. International Development Finance Corporation (DFC), International Finance Corporation (IFC), European Investment Bank (EIB), and AFD, the French Development Agency today announced their commitment to support Fondation Institut Pasteur de Dakar (IPD), a vaccine manufacturer in Senegal, to bolster the production of COVID-19 vaccines in the country.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |