Geneva: G20 leaders should help close the funding gap to buy vaccines, drugs and tests to combat the COVID-19 pandemic. The letter of the South African President, the Prime Minister of Norway, the Chairman of the World Health Organization and the European Commission said.
The letter, seen by Reuters, was sent ahead of a virtual summit of Group 20 held over the weekend in Riyadh, hosted by Saudi Arabia, which is currently chaired by a rotating club of developed and emerging powers.
“At the G20 Summit in Riyadh, the promise of G20 leaders to invest substantially in $4.5 billion, an immediate funding gap in the ACT (Access to COVID-19 Tools) accelerator, immediately saved lives and laid the foundation for mass procurement and delivery. Will do. The COVID-19 tool provides a strategy to escape from this global economic and human crisis worldwide.
The letter also urged G20 leaders to jointly commit to spending “part of a future stimulus” for tools aimed at securing supplies, especially for low-income countries.
Signatories were South Africa’s President Cyril Lama Fossa, Norway’s Prime Minister Erna Solberg, the World Health Organization’s (WHO) Secretary General Tedros Adhanom Gebrejess, and Ursula von der Reien, Chairman of the European Commission.
“It is very important to involve the Treasury Secretary to raise not only the emergency funding we need in 2020, but also all the money we actually need to make sure we are fully funding the full work of the ACT Accelerator,” said Dag Inge Ulstein Norway`s told Reuters from Geneva. “Next week will be very, very important,” he said.
The facility established by WHO and the GAVI Vaccine Group has exceeded its interim target of raising more than $2 billion to purchase and distribute COVID-19 vaccinations for poor countries, but said last week that more is still needed.
Approximately $28 billion is needed to fully support the procurement and distribution of vaccines, drugs and tests. Von der Raien said last week that “the transportation sector and the global tourism sector were lost in just two days.”