Saturday, 31 Oct 2020

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UN welcomes $1bn recent pledges to end covid-19

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Health Desk- October 1, 2020: The United Nations and its partners Wednesday welcomed a monumental show of solidarity as governments, private sector, civil society and international organizations committed support to the Access to COVID-19 Tools- (ACT) Accelerator initiative launched by the World Health Organization alongside international partners.

About US$1 billion in new financing has been committed to the initiative - the world’s most comprehensive multilateral end-to-end solution to the devastating COVID-19 pandemic.

The ACT-Accelerator, which was co-launched by the WHO, European Commission, France and the Bill & Melinda Gates Foundation just five months ago, needs an additional US$35 billion to realize its goals of producing 2 billion vaccine doses, 245 million treatments and 500 million tests.

United Kingdom pledges £571m (US$ 732m) for COVAX pillar of the Access to COVID-19 Tools- (ACT) Accelerator; Canada - CAD 440m (US$ 332m); Germany - EUR 100m (US$ 117m); Sweden - US$ 10m; World Bank – US$ 12 billion while a coalition of 16 pharmaceutical companies and the Bill & Melinda Gates Foundation signed an agreement to cooperate on vaccine manufacturing and to scale up production.