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G7 asked to step up and fund global Covid fight

G7 asked to step up and fund global Covid fight

Gulf Times
Monday, May 03, 2021 09:50:09 PM UTC

(File photo) World Health Organisation (WHO) Director-General Tedros Adhanom Ghebreyesus. (Reuters)

The World Health Organisation (WHO) pleaded yesterday with the G7 to dig deep and fund the global coronavirus (Covid-19) recovery, warning that the crisis cannot be resolved worldwide if they do not step up. The WHO said that the Group of Seven (G7) industrial powers had the ability to fund the vaccines, tests and treatments needed to conquer the pandemic – and knock down the barriers blocking faster production. WHO chief Tedros Adhanom Ghebreyesus urged the G7 to take decisive action at their June 11-13 summit, being hosted by British Prime Minister Boris Johnson in Cornwall, southwest England. “The G7 countries are the world’s economic and political leaders. They are also home to many of the world’s vaccine producers,” Tedros told a news conference. “We will only solve the vaccine crisis with the leadership of these countries.” Tedros was backed up by former British prime minister Gordon Brown, who warned that the pandemic is becoming a “man-made catastrophe”. The Access to Covid-19 Tools Accelerator programme for finding, developing and distributing coronavirus jabs, tests and therapeutics, is $19bn short of its $22bn target this year. And a further $35-$45bn will be needed next year to ensure most adults around the world get immunised. Brown, who chaired the wider G20 in 2009 as it plotted its way out of the global financial crisis, called for immediate decisive action from world leaders. “I say to the G7 ... you have the power and the ability to pay for nearly two-thirds of the costs and secure a historic breakthrough by agreeing an equitable burden-sharing formula,” the former finance minister said. Brown said that based on national income, wealth and benefits from the resumption of trade, the US would pay 27% of the cost; Europe 23%; Japan 6%; Britain 5%; and Canada – plus South Korea and Australia, who will also attend the G7 – 2% each. Brown added that he detected a change in Washington’s attitude in recent days towards vaccine production licensing agreements and temporary intellectual property rights waivers, which could expand production capacity. Nearly 1.2bn Covid-19 vaccine doses have so far been injected worldwide, according to an AFP count. But just 0.2% of them have been administered in the 29 lowest-income countries, home to 9% of the global population. And the Covax global vaccine-sharing programme has largely been elbowed out of the market by rich countries striking their own deals with manufacturers. Its main supplier is the Serum Institute of India (SII), which is producing AstraZeneca vaccines. But increased demand for doses in India itself, where the pandemic is raging, has also interrupted Covax supplies. Bruce Aylward, the WHO lead on Covax, said the stoppage had so far deprived Covax of some 100mn doses it had been anticipating, and acknowledged that it still had no firm date for when the SII would resume deliveries. Meanwhile WHO’s chief scientist Soumya Swaminathan warned that the additional vaccine doses going to India would not slow the outbreak there immediately. This “is not going to come down by vaccination”, the Indian clinical scientist told reporters, stressing that it takes time for vaccinations to be distributed and then take effect. Tedros also sounded a reminder that more new Covid-19 cases were reported in the past two weeks than during the first six months of the pandemic, with India and then Brazil making up the lion’s share. Covax announced yesterday that it had struck a deal to buy 500mn doses of Moderna’s Covid-19 jabs, with 34mn doses of the two-shot vaccine in the final quarter of 2021 and a further 466mn next year. Under Covax, the cost of vaccines for the 92 poorest participating economies is covered by donors. Covax has so far shipped more than 49mn Covid-19 vaccine doses worldwide. Covax has been urging wealthy countries to donate excess doses to cover supply shortages. Yesterday Sweden donated 1mn paid-for AstraZeneca doses, which notably will help people in Africa to receive their second jab. The United States has said it will share 60mn AstraZeneca doses, but has not confirmed when, or whether they will flow via Covax.
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