4:14
The official said while the full cost is not firmly known, doses would be paid for in part by funding previously set aside for the Covax effort, and funding from Biden’s American Rescue Plan passed earlier this year.
\"The U.S. plans to work with COVAX to utilize the second $2 billion in funding of the $4 billion that we committed to the fight against the pandemic,\" the official said, adding the additional $1.5 billion for the plan would be paid for by already appropriated funds from the American Rescue Plan.
\"The United States, through the American Rescue Plan, has allocated a significant amount of money for every step along the chain of vaccination and building the resilience of public health systems, and this monumental commitment to five of half a billion Pfizer doses will fit into that chain,\" the administration official said.
Biden previewed that this announcement comes ahead of further commitment from G7 leaders, but stressed that the doses were just a start to get the virus under control globally, and would still need to get distributed into arms around the world.
\"That's why the United States is already providing hundreds of millions in funding to support last-minute vaccination efforts, including new funding from Congress as part of the American Rescue Plan and working with programs in Latin America, Asia, and Africa,\" he said. \"We're going to keep manufacturing doses, donating doses, getting jabs, as they say here in the U.K., in arms until the world has beaten this virus.\"
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