The Union Cabinet has given its approval to the proposal for India’s taking full membership of the International Vaccine Institute (IVI) Governing Council.
- In 2007 with the approval of Union Cabinet, India joined IVI.
- Since then India is a long-term collaborator and stake-holder of IVI.
- In 2012, IVI’s Board of Trustees (BOT) had approved the formation of its new governance structure.
- As per the new structure of its member state has to contribute to the IVI by paying a portion of its core budget.
- Since India has been classified in Group-I, it has to pay an annual contribution of US $50,000.
About International Vaccine Institute (IVI)
- IVI is an international nonprofit organization devoted to developing and introducing new and improved vaccines to protect the people, especially children, against deadly infectious diseases.
- It was established in 1997 on the initiatives of the United Nations Development Programme (UNDP).
- Its work is exclusively on vaccine development and introduction specifically for people in developing countries, with a focus on neglected diseases affecting these regions.
- Currently, IVI has 40 countries and the World Health Organization (WHO) as signatories to its Establishment Agreement.