The European Union will announce it is doubling its contribution to the Covax global Covid-19 vaccination programme to €1 billion at a G7 meeting, a European source said.
EU chiefs Ursula von der Leyen and Charles Michel are set to unveil the increased funding from the bloc's budget and pledge a further €100m in aid to support the fight against the virus in Africa, the source said.
The move comes as world powers look to ramp up support for poorer nations in the face of accusations that rich countries are hoarding vaccines against the coronavirus and leaving other parts of the globe behind.
US President Joe Biden is set to pledge $4 billion in aid to Covax during the virtual meeting with other leaders from the Group of Seven major