Gates Foundation advocates sustainable investments in health, economy

Gates Foundation on covid-19 vaccine on the display in a lab for distribution

Co-chairs of the Bill and Melinda Gates Foundation, Bill and Melinda Gates have stated that long-term investments in health and economies—like the ones that led to the rapid development of the COVID-19 vaccine, must be made by various governments to propel recovery efforts and get the world back on track to meet the development goals. They noted that while 90 per cent of advanced economies will regain pre-pandemic per capita income levels by next year, only a third of low and middle-income economies are expected to do so. According to…

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Recovery roadmap: WHO, partners urge gov’t to finance new $50bn

WHO DG on covid-19 recovery roadmap

The World Health Organization (WHO) has joined other partners in calling upon governments to finance a new $50 billion recovery roadmap to funding the equitable distribution of vaccines and other crucial health tools. The WHO Director-General Tedros Adhanom announced the plan, which is also supported by the International Monetary Fund, the World Trade Organization and the World Bank Group. “This would help us dramatically scale up the production of diagnostics, treatments, oxygen, medical equipment and vaccines for equitable distribution,” said Tedros. “Furthermore, this new roadmap reflects the need to enhance…

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Remarks by David Malpass on COVID-19, Vaccine Equity

David Malpass speaking at World Health Organization Media Briefing

Remarks by World Bank Group President David Malpass at the World Health Organization Media Briefing on COVID-19 and Vaccine Equity: I join my colleagues in expressing the urgency to quickly make approved vaccines available to everyone.   My immediate priority is for countries that have sufficient supply to quickly release doses to countries that have vaccination deployment programs.  The World Bank has $12 billion in vaccine financing available now, and more if needed, to help countries buy and distribute COVID-19 vaccines and encourage vaccinations.  By the end of June, we…

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Africa vaccine purchase: World Bank pledges US$12B

Gates Foundation on covid-19 vaccine on the display in a lab for distribution

…the Bank also listed countries that will benefit in the Africa vaccine purchase The World Bank has expressed readiness to commit US$12 billion as concessional loans to assist African countries to access foreign vaccines. During a virtual meeting on the Africa COVID-19 Vaccine Financing and Deployment Strategy, the World Bank informed that the emergency vaccine financing projects in Africa, including Ghana, Democratic Republic of Congo, Ethiopia, Niger, Mozambique, Tunisia, Eswatini and Cabo Verde. The funds are available now, and for most African countries, the financing would be on grant or…

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COVID-19 vaccine distribution begins Nov. 1 in U.S.

Gates Foundation on covid-19 vaccine on the display in a lab for distribution

The U.S. Centres for Disease Control and Prevention (CDC) has asked the nation’s state governors to be ready for COVID-19 vaccine distribution by Nov. 1. The urgent request is contained in an Aug. 27 letter sent to the governors by the CDC Director, Dr Robert Redfield, according to local media reports. Among other things, Redfield wants the states to “do everything in their power’’ to remove obstacles that would prevent vaccine distribution sites from opening by the proposed date. Some observers are reading political meaning into the move as the…

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