G20 leaders asked to provide funds for COVID-19 vaccines, drugs, tests
Geneva: G20 leaders should assist shut a funding hole to purchase vaccines, medication, and checks to fight the COVID-19 pandemic, a letter from South Africa`s president, Norway`s prime minister, and the heads of the World Health Organization and European Commission mentioned.
The letter, seen by Reuters, was despatched forward of the Group of 20`s digital summit on the weekend in Riyadh organised by Saudi Arabia, which at the moment holds the rotating presidency of the membership of wealthy nations and massive rising powers.
“A commitment by G20 leaders at the G20 summit in Riyadh to invest substantially in the ACT (Access to COVID-19 Tools) Accelerator`s immediate funding gap of US $4.5 billion will immediately save lives, lay the groundwork for mass procurement and delivery of COVID-19 tools around the world, and provide an exit strategy out of this global economic and human crisis,” it mentioned.
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The letter additionally known as on G20 leaders to commit collectively to “a proportion of future stimulus” spending on the instruments, that are significantly geared toward securing provides for decrease earnings nations.
The signatories had been South African President Cyril Ramaphosa, Norway`s Prime Minister Erna Solberg, World Health Organization (WHO) director-general Tedros Adhanom Ghebreyesus and Ursula von der Leyen, president of the European Commission.
“Engaging finance ministers now to actually raise all the money that we need, not only the urgent money needed for 2020 but actually make sure that we are fully funding the total work of the ACT Accelerator is so important,” Dag Inge Ulstein, Norway`s minister of worldwide improvement, instructed Reuters in Geneva. “It`s the next weeks that will be very, very crucial,” he mentioned.
The facility arrange by the WHO and the GAVI vaccine group has exceeded an interim goal of elevating greater than $2 billion to purchase and distribute COVID-19 photographs for poorer nations, however mentioned final week it nonetheless wanted extra.
Roughly $28 billion is required to fund absolutely the procurement and distribution of vaccines, medication and checks, which von der Leyen mentioned final week was equal to “the same sum the transport sector and the global tourism sector lose in just two days of lockdown.”
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