BizNewsConnect

WHO DG Dr Tedros

Hope vaccine needs $100 bn, COVID cases touch 2 crore mark

WHO has just 10% in kitty, asks nations to chip in fast

“But,” Dr Tedros hastened to point out, “it’s small in comparison to the 10 trillion dollars that have already been invested by G20 countries in fiscal stimulus to deal with the consequences of the pandemic so far.”

 

By B N KUMAR

MUMBAI, Aug 10, 2020: As the world reaches the two crore mark COVID cases and 750,000 deaths, the World Health Organisation (WHO) has called for bridging the huge fund hap gap for developing the vaccine under the ACT (Access to COVID-10 Tools).

The appeal assumes significance in of President Donald Trump snapping funds to the UN-driven global health body.

Left with just about 10-billion dollars, the WHO has asked the member nations to collect $100 billion for the hope vaccine alone.

“This sounds like lot of money and it is,” said WHO Director General Dr Tedros Adhanom Ghebreyesus, addressimng the global media earelier today.

“But,” Dr Tedros hastened to point out, “it’s small in comparison to the 10 trillion dollars that have already been invested by G20 countries in fiscal stimulus to deal with the consequences of the pandemic so far.”

Pointing out that the coming three months present a crucial window of opportunity to scale-up the work of the ACT-Accelerator for global impact, he said “ we have to fundamentally scale up the way we are financing the ACT-Accelerator and prioritize the use of new tools.”

There is a vast global gap between our ambition for the ACT-Accelerator and the amount of funds that have been committed, he said. “While we’re grateful for those that have made contributions, we’re only 10% of the way to funding the billions required to realise the promise of the ACT Accelerator,” he said and underlined the fact: “And this is only part of the global investment needed to ensure everyone everywhere can access the tools.”

For the vaccines alone, over $100 billion dollars will be needed, he said.

Dr Tedros explained that this week we’ll reach 20 million registered cases of COVID-19 and 750,000 deaths.

Behind these statistics is a great deal of pain and suffering, he said and stressed: Every life lost matters

Recent News

Advertisement