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EU offers 400 mln euros in guarantees to WHO-led COVID-19 vaccine initiative

BRUSSELS, Aug 31 (Reuters) - The European Commission said on Monday it would contribute 400 million euros ($476 million) in guarantees to an initiative led by the World Health Organisation to buy COVID-19 vaccines.

Countries wishing to be part of the WHO initiative, dubbed COVAX, had to submit expressions of interest by Monday.

$1 = 0.8396 euros Reporting by Francesco Guarascio @fraguarascio Editing by John Chalmers

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