The Global Alliance for Vaccines and Immunization and Islamic Development Bank entered into a partnership Monday (March 11), with the goal to vaccinate at least 400 million children by 2020 in the bank’s member countries.
IsDB will help GAVI secure funds for immunization, according to a press release. The alliance said it would need an estimated $7 billion to reach its target under the partnership.
It is unclear how much support IsDB will be providing GAVI. IsDB Chairman Ahmad Mohamed Ali, who signed the memorandum of understanding with GAVI CEO Seth Berkley, only said the bank will introduce its “triple-win financing model” to help select member countries to implement GAVI’s vaccination program. The model would require contributions from IsDB, its partners and recipient countries.
GAVI has helped roll out a number of vaccines in the region since 2000, including vaccines against yellow fever, hepatitis B and Haemophilus influenzae type B. With IsDB support, it aims to introduce new vaccines in the region, such as those targeting diarrhea, pneumonia, human papillomavirus, Japanese encephalitis, typhoid and rubella.
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