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

USD -
AED 3.672502
AFN 69.456103
ALL 84.764831
AMD 381.290295
ANG 1.789623
AOA 915.999566
ARS 1179.376574
AUD 1.53996
AWG 1.8025
AZN 1.699646
BAM 1.692527
BBD 2.010212
BDT 121.665008
BGN 1.696633
BHD 0.375579
BIF 2964.389252
BMD 1
BND 1.278698
BOB 6.879841
BRL 5.544402
BSD 0.99563
BTN 85.673489
BWP 13.382372
BYN 3.258189
BYR 19600
BZD 1.999913
CAD 1.358365
CDF 2877.000007
CHF 0.811665
CLF 0.024433
CLP 926.026567
CNY 7.181602
CNH 7.188085
COP 4135.519882
CRC 501.838951
CUC 1
CUP 26.5
CVE 95.422093
CZK 21.495979
DJF 177.292199
DKK 6.46287
DOP 58.803167
DZD 130.034183
EGP 49.771893
ERN 15
ETB 134.317771
EUR 0.86646
FJD 2.24825
FKP 0.736781
GBP 0.738145
GEL 2.740151
GGP 0.736781
GHS 10.254857
GIP 0.736781
GMD 70.499395
GNF 8627.060707
GTQ 7.650902
GYD 208.299078
HKD 7.849445
HNL 25.985029
HRK 6.530698
HTG 130.569859
HUF 348.923504
IDR 16299.3
ILS 3.600215
IMP 0.736781
INR 86.184499
IQD 1304.227424
IRR 42099.99976
ISK 124.769816
JEP 0.736781
JMD 159.404613
JOD 0.709009
JPY 144.480967
KES 128.631388
KGS 87.449956
KHR 3992.038423
KMF 426.500902
KPW 899.999993
KRW 1367.78944
KWD 0.30622
KYD 0.829648
KZT 510.665917
LAK 21481.545584
LBP 89206.525031
LKR 298.109126
LRD 199.125957
LSL 17.917528
LTL 2.95274
LVL 0.60489
LYD 5.439834
MAD 9.103111
MDL 17.04989
MGA 4495.694691
MKD 53.251698
MMK 2099.702644
MNT 3581.705956
MOP 8.049154
MRU 39.525767
MUR 45.510171
MVR 15.404988
MWK 1726.364069
MXN 18.948498
MYR 4.250453
MZN 63.949697
NAD 17.917528
NGN 1542.439982
NIO 36.640561
NOK 9.91288
NPR 137.077582
NZD 1.660755
OMR 0.384259
PAB 0.99563
PEN 3.593613
PGK 4.159058
PHP 56.089616
PKR 282.254944
PLN 3.69964
PYG 7944.268963
QAR 3.631864
RON 4.349496
RSD 101.423565
RUB 79.582377
RWF 1437.670373
SAR 3.753593
SBD 8.347391
SCR 14.20991
SDG 600.501128
SEK 9.505555
SGD 1.282625
SHP 0.785843
SLE 22.050414
SLL 20969.503664
SOS 568.99312
SRD 37.527978
STD 20697.981008
SVC 8.711869
SYP 13001.852669
SZL 17.905759
THB 32.482496
TJS 10.055644
TMT 3.5
TND 2.945956
TOP 2.342102
TRY 39.369857
TTD 6.751763
TWD 29.519789
TZS 2573.66622
UAH 41.29791
UGX 3587.901865
UYU 40.932889
UZS 12650.253126
VES 102.166951
VND 26075
VUV 119.102168
WST 2.619186
XAF 567.657825
XAG 0.02756
XAU 0.00029
XCD 2.70255
XDR 0.705984
XOF 567.657825
XPF 103.206265
YER 243.350286
ZAR 17.96034
ZMK 9001.199631
ZMW 24.069058
ZWL 321.999592
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

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