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Coronavirus

Soros-Βacked Foundation Pledges $30.5M for Vaccine Inequity

September 21, 2021

WASHINGTON — Aiming to pressure wealthy countries to boost their investment in global COVID-19 vaccine sharing, the Open Society Foundations is devoting a new $30.5 million pledge to address inequity in the distribution of the live saving shots.

The funds will support vaccine access and distribution efforts in lower income countries and comes ahead of a virtual COVID-19 vaccination summit on Wednesday to be convened by President Joe Biden on the margins of the United Nations General Assembly.

Mark Malloch-Brown, president of the Open Society Foundations, highlighted that well-off nations have fallen behind their global vaccine sharing pledges and are hoarding doses that could be administered immediately in poorer countries.

“Wealthy countries need to stop stockpiling doses, forcing the rest of the world to rely on handouts. Nations with means must do better,’” he said.

The new pledge brings the George Soros-backed nonprofit’s spending on COVID-19 to more than $230 million.

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