Where is International Vaccine Institute?

Q.  International Vaccine Institute is in
- Published on 19 Jan 17

a. South Korea
b. Japan
c. Philippines
d. Australia

ANSWER: South Korea
 
  • The Union Cabinet has given its approval to the proposal for India’s taking full membership of the International Vaccine Institute (IVI) Governing Council.
  • The move involves payment of annual contribution of US $ 5,00,000 to the International Vaccine Institute (IVI), Seoul, South Korea.
  • International Vaccine Institute (IVI) was established in 1997.
  • It was established on the initiatives of the UNDP.
  • It is an international organization devoted to developing and introducing new and improved vaccines to protect the people, especially children, against deadly infectious diseases.
  • In the year 2007, with the approval of Cabinet, India joined IVI.
  • India is a long-term collaborator and stake-holder of IVI.
  • In December, 2012 the Board of Trustees (BOT) of IVI approved the formation of its new governance structure.
  • As per the new governance structure of IVI, a member State has to contribute to the IVI by paying a portion of its core budget.
  • Since India is classified in Group-I, it had to pay an annual contribution of US $ 50,000.

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