Follow us

300,504FansLike
227FollowersFollow
6FollowersFollow
FollowersFollow
902FollowersFollow
138SubscribersSubscribe

WHO says developing countries would have access to successful coronavirus vaccines if more nations support COVAX financing initiative

Although we are headquartered in Washington D.C. USA, our reporters and editors are working around the globe to cover what you care about. We invite you to donate to our fundraiser to help us keep our quality news free and available for all.

The World Health Organization (WHO) said on Thursday that developing countries, including many in Africa, would have access to successful coronavirus vaccines if more nations support COVAX financing initiative. The initiative needs about $32 billion to be fully funded.

The Gavi Advance Market Commitment for COVID-19 Vaccines (Gavi Covax AMC) was launched last June at the Global Vaccine Summit 2020.

The new financing instrument is aimed at incentivizing vaccine manufacturers to produce sufficient quantities of eventual COVID-19 vaccines, and to ensure access for developing countries.

[read_more id="2" more="Read full article" less="Read less"]

“Today’s launch moves us one step closer to the essential vision of equitable access for all,” Dr Ngozi Okonjo-Iweala, the former Nigerian minister of finance, and now chair of the Gavi Board said during the launch on June 4. “By de-risking the cost of investing in high volumes of manufacturing against an unknown outcome – and making sure those investments are made now – the Gavi Covax AMC increases the likelihood that when we have a successful vaccine or vaccines, it will be available in sufficient quantities and affordable to developing countries.”

At a press briefing in Geneva on Thursday, the WHO’s chief scientist Soumya Swaminathan said any country that supports the COVAX financing initiative has a better chance of getting a successful COVID-19 vaccine, a scheme she said would guarantee fast and equitable access globally to COVID-19 vaccines.

Soumya Swaminathan said the initiative needs about $32 billion to be fully funded, and for the successful vaccines to be accessible to about 90 countries around the world.

There is no guarantee at the moment that a coronavirus vaccine would be successful, but there are growing fears that wealthier countries may monopolize an eventual coronavirus vaccine by striking a deal with drugmakers to secure a successful vaccine for their own citizens first rather than for the entire world.

COVAX, which is co-led by the GAVI vaccines alliance, the WHO and the CEPI Coalition for Epidemic Preparedness Innovations, aims to to deliver two billion doses of COVID-19 vaccines by the end of 2021.

The Gavi Covax AMC was launched with an initial goal of raising US$ 2 billion; enough for Gavi-supported countries to immunise health care workers as well as high-risk individuals, and create a flexible buffer of doses to be deployed where needed most.

It is not be a stand-alone financing instrument but rather represents the first building block in broader efforts to develop a COVID-19 Global Vaccine Access Facility (Covax Facility) aimed at ensuring equitable access to COVID-19 vaccines for all countries, at all levels of development, that wish to participate. 

[/read_more]

Simon Ateba
Simon Ateba
Based in Washington, District of Columbia, United States of America, Simon leads a brilliant team of reporters, freelance journalists, analysts, researchers and contributors from around the world to run TODAY NEWS AFRICA as editor-in-chief. Simon Ateba's journalistic experience spans over 10 years and covers many beats, including business and investment, information technology, politics, diplomacy, human rights, science reporting and much more. Write him: simonateba@todaynewsafrica.com

1 COMMENT

  1. Before the covix vaccine dispatching for Africa its meaning fully mandatory Africa to should obtain the 3rd level microchip DNA due to furtherly verifying and confirming the the impact for the covix vaccine
    Therefore Africa should dance again must be alerted a d prepare for the preventative measures of the covix vaccine

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

Follow us

300,504FansLike
227FollowersFollow
6FollowersFollow
1FollowersFollow
902FollowersFollow
138SubscribersSubscribe

JUST IN

Poison ricin mailed to Trump from Canada intercepted

Authorities in the United States are investigating a package containing poison ricin that was mailed to President Donald Trump last week.

Africa endorses protocol for COVID-19 herbal medicine clinical trials

The Regional Expert Committee on Traditional Medicine for COVID-19 formed by the World Health Organization (WHO), the Africa Centre for Disease...

WHO and UNICEF sign 10-year partnership to promote mental health of children and adolescents

 A new partnership between WHO and UNICEF is calling for key actions in universal health coverage, mental health, emergencies and nutrition

In moving film, UN calls for collective action to tackle global challenges, including COVID-19, racism, climate change and poverty

The United Nations, Project Everyone and 72 Films are launching “Nations United - Urgent Solutions for Urgent Times,” a first of...

U.S. Supreme Court Justice Ruth Bader Ginsburg dead at 87, thrusting apex Court vacancy into spotlight of presidential campaign

U.S. Supreme Court Justice Ruth Bader Ginsburg has died at the age of 87, thrusting the apex court vacancy into spotlight...

MOST POPULAR

Nigerian activists sue Senate President and House of Representatives Speaker over ‘failure to publish details of corruption probes’

Nigeria's Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Senate President, Dr Ahmad Lawan and Speaker of House...

One of Nigeria’s most influential pastors Enoch Adeboye protests rising insecurity under Buhari as Prophet T.B. Joshua calls for prayers

Enoch Adejare Adeboye, one of Nigeria's most influential pastors, and General Overseer of the Redeemed Christian Church of God with branches...

IMF announces COVID-19 youth fellowship contest

The International Monetary Fund (IMF) on Friday announced its IMF 2020 Annual Meetings Youth Fellowship Contest, which is open to bloggers,...

South African president gives defense minister 48 hours to explain why air force plane was used to fly ANC members to Zimbabwe

South African President Cyril Ramaphosa has given Minister of Defense and Military Veterans Nosiviwe Mapisa-Nqakula 48 hours to explain why a South...

The world should hear the cries of Oromo people in Ethiopia

The Oromo people in Ethiopia are good people and the world should hear their cries for justice, equality, peace, liberty, democracy...

Poison ricin mailed to Trump from Canada intercepted

Authorities in the United States are investigating a package containing poison ricin that was mailed to President Donald Trump last week.CNN reported reported that highly-toxic poison was intercepted by law enforcement and the Secret Service and the FBI are investigating.Law enforcement sources told the network that two tests were done to confirm the presence...

Stay connected

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

Share
Tweet
WhatsApp
Reddit
Share