G20 leaders urged to fill US$4.5 bil gap in global vaccine fund

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The investment is needed to immediately save lives and clear the way for an end to the pandemic. FMTNews Vaccine

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Photo shows the first patient enrolled in Pfizer’s Covid-19 vaccine clinical trial in May at the University of Maryland.

The letter, sent ahead of this weekend’s virtual G20 summit, was signed by Norwegian Prime Minister Erna Solberg, South African President Cyril Ramaphosa, World Health Organization chief Tedros Adhanom Ghebreyesus and Ursula von der Leyen, president of the European Commission. “With this funding, and a joint commitment to spend a proportion of future stimulus on the Covid-19 tools needed globally, the G20 will build a foundation to end the pandemic,” added the letter addressed to King Salman of Saudi Arabia, the current G20 president.

International Monetary Fund managing director Kristalina Georgieva warned on Thursday that the global economy faces a hard road back from the Covid-19 downturn even as a medical solution to the crisis is now in sight.

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