GAVI Raises 75 Percent of $7.5 Billion Vaccines Funding Target

(Bloomberg) — The GAVI Alliance, the world’s biggest funder of vaccines for developing countries, has reached more than 75 percent of its target of raising $7.5 billion from donors for financing its activities from 2016 to 2020.

The final amount will be determined during discussions today and tomorrow with donors, representatives of recipient countries and vaccine manufacturers at GAVI’s replenishment conference in Berlin, Chief Executive Officer Seth Berkley said in a phone interview.

Some dramatic swings in various currencies against the dollar are also affecting vaccine purchases made in dollars, he said.

To contact the reporters on this story: Makiko Kitamura in London at [e-mail]; Simeon Bennett in Geneva at [e-mail] To contact the editors responsible for this story: Chitra Somayaji at [e-mail] Thomas Mulier, Robert Valpuesta