HRH Princess Lamia Bint Majid Al Saud. Image from source
Chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz AlSaud, Alwaleed Philanthropies has invested a further $5 million in its partnership with Gavi, the Vaccine Alliance, to support the global fight for vaccines.
Launched at the 7th Tokyo International Conference on African Development (TICAD7), the partnership aims to tackle immunization challenges through investment and technology, particularly in urban settings.
Providing extra funding between 2020 and 2024, the global philanthropic foundation will make the investment through Gavi’s INFUSE initiative (Innovation for Uptake, Scale and Equity in Immunisation), which provides support and funding and connects them to authorities in countries that require vaccination support.
As part of a range of efforts by Alwaleed Philanthropies to prevent the spread of disease, the initiative focuses on improving routine immunization and contributing to Gavi’s mission to ensure that every child is immunized with basic life-saving vaccines. It also builds on the original $1 million investment made four years ago to support vaccines in Timor Leste, Kiribati, Armenia, Azerbaijan, Moldova, Guyana for the 2016-2020 program.
HRH Princess Lamia Bint Majid Al Saud, General Secretary of Alwaleed Philanthropies, announced the partnership at TICAD7, hosted by the Japanese government by Yokohama last Friday. “Alwaleed Philanthropies places huge importance on its partnership with the Gavi, the Vaccine Alliance – and specifically their INFUSE Initiative – to boost immunization in the world’s poorest countries," she said. "With the majority of the world’s population increasingly living in urban areas, and with more than 19.4 million children still under-immunized, we recognize that there has rarely been a more pressing need to support innovation in immunization.”
Almost 70% of the world’s population will live in urban settings by 2050. With the rapid growth adding nearly 2.5 billion people to urban areas and 90% of the expansion occurring in Asia and Africa, these highly-populated, under-immunized urban settings can lead to an increased risk of disease transmission and outbreaks.
“Alwaleed Philanthropies has been a steadfast supporter of our mission to ensure no child goes without life-saving vaccines,” said Dr. Seth Berkley, CEO of Gavi, the Vaccine Alliance. “This new funding to INFUSE will help accelerate the introduction of innovations and technology that modernize vaccine delivery systems and ensure vaccines protect all children against deadly diseases."