The China Mail - WHO urges rich countries to pay up for Covid plan

USD -
AED 3.67305
AFN 68.773892
ALL 85.1919
AMD 383.844121
ANG 1.789699
AOA 917.000464
ARS 1319.936745
AUD 1.551747
AWG 1.8025
AZN 1.702909
BAM 1.708921
BBD 2.018218
BDT 122.195767
BGN 1.709301
BHD 0.377034
BIF 2979.706852
BMD 1
BND 1.297101
BOB 6.907097
BRL 5.583097
BSD 0.999672
BTN 87.54407
BWP 13.649927
BYN 3.271194
BYR 19600
BZD 2.00782
CAD 1.383805
CDF 2889.999756
CHF 0.812105
CLF 0.02487
CLP 975.649832
CNY 7.1769
CNH 7.20375
COP 4180.25
CRC 505.122436
CUC 1
CUP 26.5
CVE 96.345486
CZK 21.465015
DJF 178.003014
DKK 6.52004
DOP 60.892549
DZD 130.832878
EGP 48.650799
ERN 15
ETB 138.526224
EUR 0.873705
FJD 2.26815
FKP 0.753407
GBP 0.75573
GEL 2.649932
GGP 0.753407
GHS 10.495642
GIP 0.753407
GMD 71.999594
GNF 8671.224797
GTQ 7.676882
GYD 209.126455
HKD 7.85002
HNL 26.261823
HRK 6.582797
HTG 131.169313
HUF 349.488983
IDR 16497
ILS 3.38599
IMP 0.753407
INR 87.607651
IQD 1309.42135
IRR 42112.531123
ISK 124.210267
JEP 0.753407
JMD 159.943729
JOD 0.708974
JPY 149.852501
KES 128.939595
KGS 87.450423
KHR 4004.456192
KMF 431.496346
KPW 899.943686
KRW 1394.6201
KWD 0.30597
KYD 0.832958
KZT 539.837043
LAK 21585.443107
LBP 89567.793093
LKR 302.068634
LRD 200.415037
LSL 18.132856
LTL 2.95274
LVL 0.60489
LYD 5.461019
MAD 9.136766
MDL 17.212259
MGA 4526.09275
MKD 53.788855
MMK 2099.176207
MNT 3589.345014
MOP 8.082308
MRU 39.91175
MUR 46.750419
MVR 15.396166
MWK 1733.28382
MXN 18.82255
MYR 4.265023
MZN 63.960351
NAD 18.132856
NGN 1532.679903
NIO 36.785747
NOK 10.287025
NPR 140.070338
NZD 1.692778
OMR 0.384495
PAB 0.999585
PEN 3.56705
PGK 4.146006
PHP 58.340994
PKR 283.754123
PLN 3.732297
PYG 7486.402062
QAR 3.644585
RON 4.4335
RSD 102.334058
RUB 80.125349
RWF 1445.378886
SAR 3.751071
SBD 8.244163
SCR 14.684374
SDG 600.528417
SEK 9.747285
SGD 1.296765
SHP 0.785843
SLE 23.000101
SLL 20969.503947
SOS 571.266301
SRD 36.670248
STD 20697.981008
STN 21.407195
SVC 8.746368
SYP 13001.531245
SZL 18.127963
THB 32.6645
TJS 9.425981
TMT 3.51
TND 2.967063
TOP 2.342103
TRY 40.59448
TTD 6.786518
TWD 29.926504
TZS 2572.506573
UAH 41.696586
UGX 3583.302388
UYU 40.0886
UZS 12586.557155
VES 123.721575
VND 26199
VUV 119.302744
WST 2.758516
XAF 573.151008
XAG 0.027349
XAU 0.000303
XCD 2.70255
XCG 1.80154
XDR 0.69341
XOF 573.151008
XPF 104.204985
YER 240.649974
ZAR 18.11785
ZMK 9001.199399
ZMW 22.965115
ZWL 321.999592
  • BCC

    -1.4780

    83.412

    -1.77%

  • RYCEF

    0.9400

    14.04

    +6.7%

  • RIO

    0.0300

    59.52

    +0.05%

  • SCU

    0.0000

    12.72

    0%

  • GSK

    -1.1400

    37.83

    -3.01%

  • VOD

    -0.2700

    10.79

    -2.5%

  • JRI

    -0.0150

    13.095

    -0.11%

  • BCE

    -0.1930

    23.337

    -0.83%

  • BTI

    0.3200

    53.48

    +0.6%

  • CMSD

    -0.0060

    23.054

    -0.03%

  • AZN

    -1.5550

    75.035

    -2.07%

  • RELX

    0.1700

    51.95

    +0.33%

  • NGG

    0.0800

    70.27

    +0.11%

  • SCS

    -0.0800

    10.25

    -0.78%

  • BP

    -0.1550

    32.095

    -0.48%

  • RBGPF

    0.3900

    74.42

    +0.52%

  • CMSC

    -0.0060

    22.594

    -0.03%

WHO urges rich countries to pay up for Covid plan
WHO urges rich countries to pay up for Covid plan

WHO urges rich countries to pay up for Covid plan

The WHO Wednesday urged rich countries to pay their fair share of the money needed for its plan to conquer Covid-19 by contributing $16 billion as a matter of urgency.

Text size:

The World Health Organization said the rapid cash injection into its Access to Covid Tools Accelerator could finish off Covid as a global health emergency this year.

The WHO-led ACT-A is aimed at developing, producing, procuring and distributing tools to tackle the pandemic: vaccines, tests, treatments and personal protective equipment.

ACT-A gave birth to the Covax facility, designed to ensure poorer countries could access eventual vaccines, correctly predicting that richer nations would hog doses coming off the production lines.

Covax delivered its billionth vaccine dose in mid-January.

ACT-A needed $23.4 billion for its programme for the year October 2021-September 2022 but only $800 million has been raised so far.

The scheme therefore wants $16 billion up front from wealthy nations "to close the immediate financing gap", with the rest to be self-funded by middle-income countries.

- Omicron impetus -

WHO chief Tedros Adhanom Ghebreyesus said the rapid spread of the Omicron variant made it all the more urgent to ensure tests, treatments and vaccines are distributed equitably.

"If higher-income countries pay their fair share of the ACT-Accelerator costs, the partnership can support low- and middle-income countries to overcome low Covid-19 vaccination levels, weak testing, and medicine shortages," he said in a statement.

"Science gave us the tools to fight Covid-19; if they are shared globally in solidarity, we can end Covid-19 as a global health emergency this year."

Just 0.4 percent of the 4.7 billion Covid tests administered globally during the pandemic have been used in low-income countries.

Meanwhile only 10 percent of people in those nations have received at least one vaccine dose.

The WHO said the vast inequity was not only costing lives and hurting economies, it was also risking the emergence of new, more dangerous variants that could rob current tools of their effectiveness and set even highly-vaccinated populations back by many months.

- Ramaphosa call -

ACT-A has come up with a new "fair share" financing model on how much each of the world's wealthy countries should contribute, based on the size of their national economy and what they would gain from a faster recovery of the global economy and trade.

On the 2020-21 ACT-A budget, only six countries -- Canada, Germany, Kuwait, Norway, Saudi Arabia and Sweden -- met or exceeded what would have been their fair share commitments.

South African President Cyril Ramaphosa, who co-chairs the ACT-A facilitation council, said inequitable access to Covid vaccines, tests and treatments was simply prolonging the pandemic.

"I urge my fellow leaders to step up in solidarity, meet their fair shares, and help reclaim our lives from this virus," he said.

Ramaphosa and Norwegian Prime Minister Jonas Gahr Store, his fellow co-chair, have written to 55 capitals -- all high-income countries, G20 upper middle-income nations, and two other middle-income states -- outlining their "fair share" and encouraging them to cough up.

A.Sun--ThChM