Government leaders and representatives from several nations recently attended the Financing for Development conference, where they approved the Addis Ababa Action Agenda. The Action Agenda emphasizes the crucial points of financial development that are needed to end extreme poverty by the year 2030.
The Addis Ababa agreement underscored the importance of vaccinations in financing health interventions.
Gavi praised the progress that has been made in financing the SDGs, which leaders from around the world are scheduled to adopt in September in New York, as part of the United Nations General Assembly.
“We will support relevant initiatives, such as Gavi, the Vaccine Alliance, which incentivizes innovation while expanding access in developing countries,” the Addis Ababa Action Agenda said.
“We encourage consideration of how existing mechanisms, such as the International Finance Facility for Immunization, might be replicated to address broader development needs,” the Action Agenda said. “We also encourage exploring additional innovative mechanisms based on models combining public and private resources such as green bonds, vaccine bonds, triangular loans and pull mechanisms, and carbon-pricing mechanisms.”
“Gavi continues to be recognized as one of the most impactful investments in global health and development,” Dr. Seth Berkley, Gavi's CEO, said. “Our relentless drive for results and innovation underlines the power of public-private partnerships and the potential for organizations like Gavi to play a key role in the supporting progress on the upcoming Sustainable Development Goals.”