WHO: $4.3 billion are urgently required for COVID-19 Vaccine Access Program

WHO: $4.3 billion are urgently required for COVID-19 Vaccine Access Program

The International Access Program to COVID-19 Tools ACT-Accelerator (ACT-A) urgently requires $4.3 billion for critical areas of work. This was reported by the World Health Organization (WHO).

In general, the program needs to find $28.2 billion. The organization noted that if this shortage is not eliminated, middle-and low-income countries will face a delay in accessing these important tools to fight the virus in 2021, which will lead to a prolonged pandemic with serious economic consequences.

WHO recalled that, according to experts, for 10 industrialized countries that have already transferred a total of $2.4 billion for the program, in 2020-2021 the benefit may amount to $153 billion, and by 2025 – $466 billion, TASS reports.

ACT-Accelerator (the Access to COVID-19 Tools Accelerator is an international partnership formed in April 2020 with the participation of Bill and Melinda Gates Foundation and the World Health Organization. It united both public authorities of different countries and private organizations.

Part of the ACT-Accelerator is the COVAX mechanism, which should ensure the creation of capacities for the production of a coronavirus vaccine and the distribution of the developed drugs. Developed countries are expected to pay for the purchase of vaccines subsidizing so-called funded states.

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