Dubai Telegraph - WHO urges rich countries to pay up for Covid plan

EUR -
AED 4.017473
AFN 78.801671
ALL 98.906175
AMD 430.326169
ANG 1.958084
AOA 1001.897268
ARS 1185.040408
AUD 1.81941
AWG 1.968795
AZN 1.861683
BAM 1.951384
BBD 2.222171
BDT 133.717397
BGN 1.951384
BHD 0.414861
BIF 3271.097486
BMD 1.093775
BND 1.47137
BOB 7.60479
BRL 6.393667
BSD 1.10051
BTN 93.892521
BWP 15.328312
BYN 3.601649
BYR 21437.985704
BZD 2.210697
CAD 1.558263
CDF 3142.414552
CHF 0.937677
CLF 0.027235
CLP 1045.145725
CNY 7.964376
CNH 8.010839
COP 4573.848939
CRC 556.740094
CUC 1.093775
CUP 28.985032
CVE 110.016033
CZK 25.262699
DJF 195.986481
DKK 7.462218
DOP 69.502715
DZD 145.745178
EGP 55.800562
ERN 16.406622
ETB 145.058831
FJD 2.531974
FKP 0.847162
GBP 0.85024
GEL 3.00796
GGP 0.847162
GHS 16.902771
GIP 0.847162
GMD 78.16313
GNF 9482.810792
GTQ 8.439729
GYD 229.877514
HKD 8.49705
HNL 28.067995
HRK 7.540591
HTG 145.352589
HUF 405.143182
IDR 18125.712075
ILS 4.101212
IMP 0.847162
INR 93.530412
IQD 1432.858528
IRR 45942.591268
ISK 144.59234
JEP 0.847162
JMD 172.004205
JOD 0.775451
JPY 160.254959
KES 141.598634
KGS 94.905419
KHR 4372.269765
KMF 491.028044
KPW 984.397311
KRW 1597.8936
KWD 0.337398
KYD 0.896898
KZT 556.07763
LAK 23641.538731
LBP 98454.230133
LKR 323.131512
LRD 218.620509
LSL 20.898377
LTL 3.229633
LVL 0.661613
LYD 5.287179
MAD 10.440701
MDL 19.218698
MGA 5087.131542
MKD 61.332673
MMK 2296.207063
MNT 3837.062499
MOP 8.758784
MRU 43.636585
MUR 48.752741
MVR 16.902496
MWK 1895.958697
MXN 22.609019
MYR 4.852823
MZN 69.530812
NAD 20.898377
NGN 1673.159277
NIO 40.084871
NOK 11.902178
NPR 149.718808
NZD 1.965383
OMR 0.421101
PAB 1.093775
PEN 4.022921
PGK 4.482705
PHP 62.789871
PKR 306.638795
PLN 4.259489
PYG 8806.323077
QAR 3.981139
RON 4.969645
RSD 116.93557
RUB 92.324116
RWF 1542.721907
SAR 4.101641
SBD 9.296866
SCR 16.197508
SDG 655.376743
SEK 11.064134
SGD 1.472194
SHP 0.859535
SLE 24.882888
SLL 22935.911451
SOS 622.944742
SRD 39.928153
STD 22638.929641
SVC 9.570653
SYP 14221.080938
SZL 20.898377
THB 37.534425
TJS 11.862752
TMT 3.825379
TND 3.343257
TOP 2.629885
TRY 41.575757
TTD 7.362758
TWD 36.321676
TZS 2915.15049
UAH 45.35374
UGX 3999.476108
USD 1.093775
UYU 46.213647
UZS 14147.654348
VES 77.247426
VND 28203.473193
VUV 133.569059
WST 3.062106
XAF 654.704059
XAG 0.036035
XAU 0.000361
XCD 2.953336
XDR 0.816774
XOF 654.704059
XPF 119.331742
YER 268.568484
ZAR 21.08112
ZMK 9845.285064
ZMW 30.524408
ZWL 352.195033
  • SCS

    -0.0600

    10.68

    -0.56%

  • BCC

    0.8100

    95.44

    +0.85%

  • BCE

    0.0500

    22.71

    +0.22%

  • CMSC

    0.0300

    22.29

    +0.13%

  • NGG

    -3.4600

    65.93

    -5.25%

  • GSK

    -2.4800

    36.53

    -6.79%

  • AZN

    -5.4600

    68.46

    -7.98%

  • JRI

    -0.8600

    11.96

    -7.19%

  • CMSD

    0.1600

    22.83

    +0.7%

  • RIO

    -3.7600

    54.67

    -6.88%

  • RBGPF

    69.0200

    69.02

    +100%

  • BTI

    -2.0600

    39.86

    -5.17%

  • VOD

    -0.8700

    8.5

    -10.24%

  • RELX

    -3.2800

    48.16

    -6.81%

  • RYCEF

    -1.5500

    8.25

    -18.79%

  • BP

    -2.9600

    28.38

    -10.43%

Advertisement Image
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.

Advertisement Image

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.

D.Al-Nuaimi--DT

Advertisement Image