Vaccine Financing
IMF, World Bank urge G7 to release surplus vaccines
The heads of the International Monetary Fund and World Bank on Thursday urged the Group of Seven advanced economies to release any excess COVID-19 vaccines to developing countries as soon as possible, and called on manufacturers to ramp up production. In a joint statement to the G7, IMF Managing Director Kristalina Georgieva and World Bank President David Malpass also called on governments, pharmaceutical companies and groups involved in vaccine procurement to boost transparency about contracting, financing and deliveries. “Distributing vaccines more widely is both an urgent economic necessity and a moral imperative,” they said. “The coronavirus pandemic will not end until everyone has access to vaccines, including people in developing countries.” Malpass and Georgieva will meet in person ...
DR Congo’s president becomes African Union chairman
The DRC’s President Félix Tshisekedi has now taken over the helm of the African Union to serve as the chairman for one-year. He replaces his South African counterpart Cyril Ramaphosa, following the AU’s 34th summit on Saturday. But Tshisekedi faces big challenges this year with the coronavirus pandemic hitting health service and economies hard. The continent has so far been hit less hard than other regions, recording 3.5 percent of global virus cases and 4 percent of global deaths, according to the Africa Centres for Disease Control and Prevention (Africa CDC). But many African countries are battling damaging second waves while straining to procure sufficient vaccine doses. African leaders are speaking out against hoarding by rich countries at the expense of poorer ones. “There is a vaccin...
