Chinese Foreign Minister Wang Yi has accused developed nations of stockpiling large quantities of Covid-19 vaccines, leading to inadequate supply for poor countries, and hit back at attempts to politicize the pandemic.
As mentioned in the previous GMI, the auto-centric vaccination policies in developed countries are messy. The pandemic is global, new strains are occurring every day, and all regions on Earth need to move together in order to target a GLOBAL herd immunity.
With significant advances in research and development by academia, private sector, and government initiatives, the ACT-Accelerator is on the cusp of securing a way to end the acute phase of the pandemic by deploying the tests, treatments, and vaccines the world needs.
The ACT-Accelerator faces a US$ 27.2 billion funding gap which will be reduced to US$ 23.2 billion as projected funds are operationalized.
Pressure has been mounting for wealthy countries to donate vaccines following growing criticism of emerging inequity, with the WHO chief warning of a “catastrophic moral failure”.