Breaking News

World Bank, IMF, WHO, WTO heads call for urgent action on global vaccine access

Ololade Omosan-Agie

The heads of the World Bank Group, International Monetary Fund, World Health Organization and the WTO convened on 30 June the first meeting of the Task Force on COVID-19 Vaccines, Therapeutics and Diagnostics for Developing Countries.

David Malpass, Kristalina Georgieva, Dr Tedros Adhanom Ghebreyesus and Dr Ngozi Okonjo-Iweala said urgent action is needed to stop the rising human toll due to the pandemic and halt further divergence in the economic recovery between advanced economies and the rest. Following the meeting, they issued a joint statement.

“As many countries are struggling with new variants and a third wave of COVID-19 infections, accelerating access to vaccines becomes even more critical to ending the pandemic everywhere and achieving broad-based growth. We are deeply concerned about the limited vaccines, therapeutics, diagnostics, and support for deliveries available to developing countries. Urgent action is needed now to arrest the rising human toll due to the pandemic, and to halt further divergence in the economic recovery between advanced economies and the rest.

We have formed a Task Force, as a “war room” to help track, coordinate and advance delivery of COVID-19 health tools to developing countries and to mobilize relevant stakeholders and national leaders to remove critical roadblocks — in support of the priorities set out by World Bank Group, IMF, WHO, and WTO including in the joint statements of June 1 and June 3, and in the IMF staff’s $50 billion proposal.

At today’s first meeting, we discussed the urgency of increasing supplies of vaccines, therapeutics, and diagnostics for developing countries. We also looked at practical and effective ways to track, coordinate and advance delivery of COVID-19 vaccines to developing countries.

As an urgent first step, we are calling on G20 countries to (1) embrace the target of at least 40 percent in every country by end-2021, and at least 60 percent by the first half of 2022, (2) share more vaccine doses now, including by ensuring at least  1 billion doses are shared with developing countries in 2021 starting immediately, (3) provide financing, including grants and concessional financing, to close the residual gaps, including for the ACT-Accelerator, and (4) remove all barriers to export of inputs and finished vaccines, and other barriers to supply chain operations.

In addition, to enhance transparency we agreed to compile data on dose requests (by type and quantity), contracts, deliveries (including through donations), and deployments of COVID-19 vaccines to low and middle-income countries — and make it available as part of a shared country-level dashboard. We also agreed to take steps to address hesitancy, and to coordinate efforts to address gaps in readiness, so countries are positioned to receive, deploy and administer vaccines.”

About Editor

Check Also

[email protected]: FG Plans Special Awards To Fast-Track Growth Of Nigeria’s Economy

Ebuka Daniel The Federal Government has disclosed plans to host an Exhibition and Trade Fair …

Leave a Reply