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<p>The DFID Secretary of State regularly speaks with counterparts in the International
Financial Institutions (IFIs) on a range of issues. DFID officials have also been
working closely with the IFIs and have had initial conversations on the possibility
of financing potential COVID-19 vaccines and treatments in developing countries. We
also worked with the World Bank Group, Gavi, the Vaccine Alliance, and others, to
launch a brand-new scheme to ensure global vaccine production at the UK-hosted Global
Vaccine Summit, on 4 June. The COVAX Advance Market Commitment for COVID-19 vaccines
is aimed at incentivising vaccine manufacturers to produce sufficient quantities of
a potential COVID-19 vaccine and to ensure future access for low- and middle-income
countries. The UK has contributed over £48 million ($60.6 million) to this initiative.</p>
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