The World Forum - July 24th, 2024

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Canada boosts COVID-19 foreign aid by $485M


Canada's foreign aid budget is swelling noticeably today with International Development Minister Karina Gould's announcement of $485 million in new funding towards the global effort to provide COVID-19 vaccines to poor countries.

The new funds are going towards the Access to COVID-19 Tools, or "ACT Accelerator," which was created in April by the World Health Organization, the French government, the European Commission and the Bill and Melinda Gates Foundation.

Canada has now committed more than $865 million to the ACT-Accelerator and has also pledged $220 million to its partner initiative, the COVAX Facility, to help buy vaccine doses for low- and middle-income countries.