AU asks the World Bank and IMF to create standby readiness fund to help poorer countries buy vaccines, rather than rely on COVAX; WHO targets 30% of Africa’s needs by February

In aiming to vaccinate 60 percent of its population, the African Union and its partners had expected to buy half the doses needed, while half were expected to come as donations through the COVAX programme, backed by the WHO and the GAVI global vaccine alliance.

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The World Health Organization (WHO) and its partners have said they hope to provide Africa with about 30 percent of the COVID-19 vaccines the continent needs by February

The World Health Organization (WHO) and its partners have said they hope to provide Africa with about 30 percent of the COVID-19 vaccines the continent needs by February, badly missing the 60 percent vaccination coverage goal that African leaders had once hoped for this year.

Out of 5.7 billion doses of coronavirus vaccines administered around the world so far, only 2 percent have been in Africa.

WHO Director-General Tedros Adhanom Ghebreyesus on Tuesday called the massive disparity in vaccination rates between rich and poor countries a “solvable problem” and urged pharmaceutical companies to prioritize the UN-backed COVAX initiative, which is designed to share vaccines globally and provide shots at no cost to lower-income countries, as contained in an ALJAZEERA report.

The African Union accused manufacturers of COVID-19 shots of denying African countries a fair chance to buy them, and urged manufacturing countries – in particular India – to lift export restrictions on vaccines and their components.

But the companies that manufacture the vaccines – including Pfizer-BioNTech and Moderna – have shown no indications they are eager to switch their current tactics, which involve appealing to rich countries and their regulators to authorize booster shots.

WHO Director-General Tedros Adhanom Ghebreyesus on Tuesday called the massive disparity in vaccination rates between rich and poor countries a “solvable problem” and urged pharmaceutical companies to prioritize the UN-backed COVAX initiative

In aiming to vaccinate 60 percent of its population, the African Union and its partners had expected to buy half the doses needed, while half were expected to come as donations through the COVAX program, backed by the WHO and the GAVI global vaccine alliance.

GAVI CEO Seth Berkley said his organization had been counting on supplies from India – the world’s largest vaccine manufacturing center – at the start of the outbreak – but had received no doses from India since March when India imposed export restrictions.

He urged the World Bank and the International Monetary Fund to begin working on a standby pandemic readiness fund to help poorer nations buy vaccines in the future, instead of having to rely on a sharing facility like COVAX – which has so far managed to provide only 260 million doses.

“Vaccine sharing is good – but we shouldn’t have to be relying on vaccine sharing, particularly when we can come to the table with structures in place and say we also want to buy,” he said.

COVAX is set to fall nearly 30 percent short of its previous goal of two billion shots this year. GAVI and the WHO have blamed the shortfall on a range of factors including export restrictions on the Serum Institute of India (SII).

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