British Prime Minister David Cameron announces $1.3-billion in funding for vaccinating children in the world's poorest countries.Paul Hackett/Reuters
The British government and U.S. billionaire Bill Gates pledged $2.3-billion (U.S.) at an international donor conference on Monday to fund vaccination programs to protect children in poor countries against diseases such as diarrhea and pneumonia.
Norwegian Prime Minister Jens Stoltenberg said his country would double its annual contribution to $180-million by 2015 to help fund an international campaign to combat common diseases that kill millions of children in the developing world.
The money adds to a pledge on Sunday by Australian Foreign Minister Kevin Rudd, who said his country would donate $210-million to the Global Alliance for Vaccines and Immunization over three years.
More donors, including the United States, France, Germany and Japan, are expected to add their pledges later on Monday in an effort to stump up the extra $3.7-billion GAVI needs to fund its programs through to 2015.
"Britain will play its full part. In addition to our existing support for GAVI, we will provide £814-million ($1.33-billion U.S.) of new funding up to 2015," Prime Minister David Cameron told the conference, winning a standing ovation from the audience. "This will help vaccinate over 80 million children and save 1.4 million lives."
Billionaire philanthropist and Microsoft co-founder Mr. Gates, who helped set up the alliance more than a decade ago, also announced more funding. "We are pledging an additional billion dollars," Mr. Gates said, adding that the money would be spread over the next five years.
"It's not every day that we give away a billion, but for a cause like this it's exciting to be doing this."
Mr. Gates said the money pledged on Monday would buy vaccines that would save over a million lives each year.
Mr. Cameron, who has faced criticism in Britain for keeping up international aid at a time when domestic spending is being slashed to cut a gaping budget deficit, defended his decision.
"When you make a promise to the poorest people in the world, you should keep it," he told the conference.
GAVI says it has helped prevent more than five million child deaths in the past decade with its immunization programs and will prevent four million more by 2015 with the necessary funds.
The alliance funds bulk buys of childhood vaccines against diseases such as pneumococcal pneumonia, Haemophilus influenzae Type b, or Hib disease, diphtheria, whooping cough, tetanus, measles and rotavirus.
The World Health Organization considers vaccination to be "one of the most successful and cost-effective public health interventions." It estimates that between two and three million deaths are averted each year through immunization.
A series of academic studies published last week found that if 90 per cent of children in the more than 70 poor countries supported by GAVI were fully immunized, 6.4 million children's lives and more than $151-billion in treatment costs and lost productivity could be saved over 10 years, producing economic benefits of $231-billion.
Reuters