An insufflation and irrigation valve for an endoscope including a valve housing with a substantially cylindrical bore closed at one end by a bottom into which a gas inlet and outlet, and an irrigation inlet and outlet open, an outer plunger which is movable in the bore between an open position, in which the irrigation outlet is connected to the inlet, and a closed position, and an inner plunger movable in a longitudinal bore of the outer plunger, open toward the bottom, for connecting the gas outlet to the gas inlet in a position near the bottom and for separating the gas outlet from the gas inlet in a position remote from the bottom, wherein the gas inlet opens into the bore of the valve housing at a location nearer the bottom than the gas outlet.
