History corrected to note that World Bank President David Malpass said the bank has contracted 250 million doses to deliver to Africa and the developing world.
The goal of vaccinating at least 40% of people in each country by the end of 2021 and at least 60% by mid-2022 is ambitious but not impossible, said the director-general of the World Organization Minister, Ngozi Okonjo-Iweala, who is a member of the Multilateral COVID-19 Response Working Group, said Tuesday.
“If we decide as a community that we can do it, we will,” she said in a virtual discussion Tuesday on the sidelines of the annual meetings of the International Monetary Fund and the World Bank Group in Washington. . “We are very far from where we need to be, but we need to ramp up now… this goal is very ambitious given the current situation, but it is not impossible.”
Senior officials from the IMF, the World Bank, the World Health Organization and the World Trade Organization – the COVID-19 task force – will seek over the next few days to secure finance officials for the help develop concrete plans to achieve the immunization goal.
IMF Managing Director Kristalina Georgieva told reporters on Wednesday that failure to meet the target could result in losses of $ 5.3 trillion in global gross domestic product over the next five years,
Read: IMF says failure to bring pandemic under control will cost $ 5.3 trillion
“The G20 countries, in particular, should take ownership of these goals and achieve them because more than 80% of the economy is theirs and most of the production capacity is also theirs,” said the director general of the G20. ‘WHO, Tedros Adhanom Ghebreyesus.
Current immunization coverage reaches less than 4% of people living in low-income countries, compared to more than 60% of populations in wealthier economies, exacerbating global vaccine inequalities across the globe, the leaders said.
Despite a plentiful supply and rapid production of vaccines in advanced economies, vaccine donations are not enough, Ghebreyesus said.
“Seventy percent of deliveries [are] only to 10 countries. It is completely unfair. This will not end the pandemic, ”he added.
Vaccine inequality is particularly apparent in Africa, said World Bank Group President David Malpass, who highlighted the gap between donations and actual deliveries of these given doses.
“What we need to do is force countries that have surplus vaccines to report and responsibly track deliveries,” said Malpass, adding that the World Bank had 250 million doses under contract to deliver to the country. ‘Africa and developing countries. world.
“We are trying to have early delivery dates for donations that have been incurred by advanced economies and we need to know what type of vaccine is and where it is going to be delivered so that we can work on the issue of reluctance. “, did he declare. noted.
The issue of intellectual property protection for vaccines has been raised, with officials saying waiving intellectual property will trigger the transfer of technology, skills and capacities needed to empower developing countries to manufacture vaccines. .
“As [a] global community, we should ask ourselves why do we even have the renunciation of intellectual property as a legal instrument if we are not going to use it under unprecedented conditions? Said Ghebreyesus.
IMF Georgieva agreed, saying: “If the road is to strengthen [and] ability to cope with health risks in the future, now is the time to tackle this holistically. “