France to provide €500 million for global search for COVID-19 vaccines, treatments

Emmanuel Macron

France will provide 500 million euros (about 547 million U.S. dollars) for the global search for COVID-19 treatment and vaccines, President Emmanuel Macron said on Monday after attending an online donor conference hosted by the European Commission.

“France will provide 500 million euros for the ACT-A initiative,” Macron told reporters after the fundraising event which aimed at pooling resources worldwide to develop vaccines and effective treatments as quickly as possible and to make them universally available at affordable prices.

By “ACT-A initiative,” the French president referred to the “(Access to COVID-19 Tools) Accelerator” initiative, an international collaboration launched by the World Health Organization on April 24 to accelerate the development, production and equitable distribution of new tools to fight COVID-19.

“We have launched the conference to fund this initiative with a target to reach some 8 billion euros, and we’ll make it,” said Macron.

According to him, the objective is to have diagnostics, therapeutics, vaccines as quickly as possible, and to be able to produce them everywhere for people to have fair access to them. (1 euro = 1.091 U.S. dollar) Enditem

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