UN needs 'immediate infusion' of US$15 b for global vaccine fund

UN needs 'immediate infusion' of US$15 b for global vaccine fund

Wednesday, September 30, 2020

Print this page Email A Friend!

WASHINGTON,United States(AFP)— UN Secretary-General Antonio Guterres called Wednesday for an "immediate infusion" of US$15 billion to a global pool for the procurement and distribution of COVID-19vaccinesat a virtual summit hosted by the world body.

The ACT-Accelerator, led by the World Health Organization, has received around US$3 billion of the US$38 billion needed to meet the goal of producing and delivering two billionvaccinedoses, 245 million treatments and 500 million diagnostic tests over the next year.

Notable new pledges included an additional 100 million euros (US$117 million) by German Chancellor Angela Merkel, beyond the 675 million euros Germany has already committed.

Britain's foreign minister Dominic Raab said his country, which has committed 250 million pounds (US$320 million), would spend another pound for every four dollars committed by others, up to an additional 250 million pounds.

Sweden's Prime Minister Stefan Lofven pledged US$10 million while Canadian Prime Minister Justin Trudeau touted a Can$440 million (US$332 million) commitment made last week, half of which will go to low or middle-income countries.

The World Bank's president David Malpass said he had proposed "up to US$12 billion of fast-track financing" to countries for the purchase and deployment of COVID-19vaccine, also previously announced.

- 'Window of opportunity' -

"These resources are crucial now to avoid losing the window of opportunity for advance purchase and production, to build stocks in parallel with licensing, to boost research, and to help countries prepare to optimize the newvaccineswhen they arrive," Guterres said.

"Despite extraordinary efforts to contain its spread, the COVID-19 pandemic continues to ravage the world, reaching one million lives lost this week," he added.

"It is in every country's national and economic self-interest to work together to massively expand access to tests and treatments, and to support avaccineas a global public good."

Addressing the summit, Bill Gates announced his foundation had signed a new agreement with 16 biotech firms to expand global access tovaccines, therapeutics and diagnostics.

Gates said that the world was on the brink of a "great scientific achievement" in the form of avaccine.

But he added that the world's low and low middle income countries, which made up nearly half of the global population, were only on track to cover 14 per cent of their people with a COVID-19vaccine.

Alex Gorsky, the CEO of Johnson and Johnson, which is part of the agreement with the Gates Foundation, told the summit his company planned to allocate 500 millionvaccinedoses for lower income countries by the middle of next year.

WHO Director-General Tedros Ghebreyesus said he was "grateful for the generous financial commitments made" but added there remained a "significant funding gap to close."

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaper-login




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon