G20 commits to ‘full financing’ of WHO scheme to buy Covid vaccines, drugs, according to draft agreement | Malay Mail

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BRUSSELS, May 6 — Leaders of G20 nations are to commit for the first time to fully fund a World Health Organization scheme to distribute Covid-19 vaccines and drugs to poorer nations, the draft conclusions of a summit show, in a move that would unblock nearly US$20 billion (RM82.5 billion). The...

G20 commits to ‘full financing’ of WHO scheme to buy Covid vaccines, drugs, according to draft agreementThe four-page draft document is still missing parts on some controversial issues, including on 'bottlenecks and barriers to equitable access'.

The scheme was launched in April 2020 and is still vastly underfunded. Of the over US$34 billion it has been seeking to develop, procure and distribute anti-Covid vaccine and drugs across the world it is still missing US$19 billion. G20 leaders also commit in the draft “to global sharing of surplus vaccine doses”, but the document does not clarify whether excess vaccines bought by wealthy nations would be shared through the WHO scheme for vaccines, known as Covax, or through bilateral deals or regional mechanisms such as one set up by the European Union, which critics say may hamper Covax’s efforts for a fair distribution of shots.

The European Union has repeatedly opposed such a waiver, saying it would not address production problems which it deems are mostly caused by shortages of raw materials. However, EU Commission chief Ursula von der Leyen said on Thursday she would be open to discuss the US proposal.

 

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