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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Regional - Africa : € 200,000,000
    Health : € 200,000,000
    Signature date(s)
    27/10/2021 : € 200,000,000

    Summary sheet

    Release date
    12 March 2021
    Status
    Reference
    Signed | 27/10/2021
    20210040
    Project name
    Promoter - financial intermediary
    COVID-19 VACCINE VOLUME ALLOCATION II
    GAVI ALLIANCE
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million
    EUR 400 million
    Location
    Sector(s)
    • Health - Human health and social work activities
    Description
    Objectives

    Project to support the supply of COVID-19 vaccines for low- and middle-income countries via the COVAX Advance Market Commitment (AMC) framework co-led by Gavi.

    The project will contribute to fund the access to successful COVID-19 vaccines by countries in African, Caribbean and Pacific (ACP) countries, Asia and Latin America eligible under the Gavi COVAX AMC framework. The project looks to support the pioneering COVAX initiative, which aims to provide innovative and equitable access to COVID-19 vaccines to all economies, regardless of income levels. This would be fundamental to end the COVID-19 pandemic as soon as possible and save as many lives as possible - avoiding a catastrophe in emerging countries.

    Environmental aspects
    Procurement

    The EIB funding will be directed to COVAX investments in vaccine development and manufacturing capacity that are expected to be carried out in facilities owned by pharmaceutical companies and / or other research centres as authorised for the same purpose and would therefore not require an environmental impact assessment (EIA) under the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Full environmental details of the supply chain of the project will be verified during the appraisal.

    The Bank will require the Promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement (GtP). Due to the peculiar features of this transaction, certain derogations might be sought to the GtP and submitted for approval to the EIB's Board of Directors.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - COVID-19 VACCINE VOLUME ALLOCATION II
    Publication Date
    13 May 2021
    Document language
    Main Topic
    Lending
    Document Number
    140028199
    Document Focus
    Environmental Information
    Project Number
    20210040
    Sector(s)
    Countries
    Publicly available
    Download now

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