Gordon Brown: G7 must bear the burden of immunizing the world

The writer is the former Prime Minister of the United Kingdom

First detected in India, spread to Asia and Africa, and now rooted in the UK, a toxic variant of Covid-19 with B. 1.617.2, we’re safe for everyone again. Faced with the irrefutable truth of being. It is safe everywhere.

Fortunately, the next G7 summit offers us a unique opportunity to get the Covid-19 off the ground.

The miracles of science have given us several vaccines, and nearly half of American and British citizens currently receive at least one vaccine against Covid, but only 11% from India and just a little 1% from sub-Saharan Africa, I am vaccinated.

This failure is artificial. Without the vaccine, it would have taken nine months for one million people to die in 2020. However, even after the vaccine became available, 2 million people died in the next three months and three million in the following three months.

By not being able to scale up vaccination any faster, we are dividing the world into the living rich and the vaccinated, the poor at risk of dying, and the unvaccinated. .. The death toll currently approaching 3.5 million could exceed 4 million by the end of next month.

It is time for politics to catch up with science. One of the surest ways to maximize vaccine production and immunize the world is for the richest to bear the costs of the poorest.

Financing Now can help you build your existing production facilities and survive today’s emergencies. · The EU has already recognized the importance of this and has said it will support a proposal to establish a strategic manufacturing hub in African countries this week.

Guaranteed long-term funding creates a virtuous cycle, technology transfer (expected with a temporary patent waiver), new licensing agreements, capacity building in Africa and elsewhere, and a secure supply chain for vaccines anti-corona. promotes it. ..

This is not just a charity, but self defense. No country can ultimately become Covid-free until all countries do. The more poor countries are left unprotected, the more the disease continues to spread and mutate, threatening them and rich countries, including those already vaccinated. John F. Kennedy The words of 60 years ago seem truer than ever. “”If a free society cannot help many poor, it cannot save a few rich.

Mass vaccination is not only an epidemiological and ethical obligation. It is also an economic obligation for all countries and the best insurance policy in the world. If the cost of the vaccine is in the billions, the overall benefit of the additional economic production made possible by the resumption of trade in a world without Covid is in the billions.

Two reports released on Friday show this business case. According to the IMF, cumulative profits will reach $ 9 trillion by 2025, $ 3.6 trillion in developed countries and tax revenues of $ 1 trillion, making it “probably the best return on public investment ever. realized”. And a country-by-country analysis released by Save the Children shows that US and EU funding for vaccines will each be repaid more than 35 times, thus increasing trade and production.

So who pays? This Manhattan medical project requires 10 billion new vaccines each year. For low-income countries, the cost is, of course, exorbitant. A two-dose $ 10 vaccine can be a weekly income for a family of 5 to 6 people. But if we all share it, the bill is affordable.

ACT-A, A unique partnership built to strengthen international cooperation provides the means to provide equitable tests, treatments and vaccines to reach the 92 poorest countries in the world. But to close this huge funding gap this year and next, we need to raise an additional $ 66 billion from around 90 donor countries that have the financial strength to contribute. But still, only $ 14 billion is pledged.

If you want to win the battle between viruses and vaccines and make money, time is running out. The June G7 meeting is the right time with the right people. The richest countries around the table are ready to make the historic decision to agree on a share-sharing plan.

Below is the formula Participants in the G7, developed by the governments of Norway and South Africa, will cover two-thirds of the ACT-A bill. The United States will contribute 28%, taking into account each country’s income, wealth, and various benefits of global economic recovery. EU 22 percent. The United Kingdom represents 6% and Japan 9%. Other G20 members and oil-producing countries will cover the rest.

Of course, investing in vaccine diagnosis and treatment cannot be seen in isolation. Multilateral development banks must reduce the intolerable burden of poorly funded and staffed health systems. If necessary, you must request a capital increase. And like two former leaders, Ellen Johnson Sirleaf of Liberia and Helen Clark of New Zealand Suggestion, investments in infrastructure are needed now to prevent future pandemics. devoted to global public health.

Martin Luther King said it may be too late in a crisis. Last year we lost thousands of lives because the world couldn’t cooperate. Unfortunately, the death toll this year will be even higher than last year. The G7 can be the starting point on the road to mental health and safety.

Gordon Brown: G7 must bear the burden of the world’s immunization Source link Gordon Brown: The G7 must bear the burden of the world’s immunization

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