Picture: 123RF/MAKSYM YEMELYANOV
Picture: 123RF/MAKSYM YEMELYANOV

Venice — Finance ministers of the world’s 20 largest economies are set to urge faster distribution of Covid-19 vaccines, drugs and tests across the world, but are not making new firm commitments, according to the latest version of a joint communique.

The document, seen by Reuters, is set to be released on Saturday without changes at the end of a two-day G20 meeting under way in Venice, two officials familiar with the talks said.

Ministers remain determined to bring the pandemic under control “everywhere as soon as possible”, the document says. But the G20 does not make any new firm commitment on donations of vaccines and financial support to a programme co-led by the World Health Organisation (WHO) for the equitable distribution of Covid-19 vaccines, drugs, tests and medical tools.

Ministers are set to agree that the WHO’s programme, known as Access to Covid-19 Tools Accelerator (ACT-A), is a key tool to combat the pandemic.

They are urging the public and private sectors to address the remaining gaps in the programme “including through the equitable global sharing of safe, effective, quality and affordable vaccine doses”, the document says.

It also says finance ministers will “prioritise acceleration of the delivery of vaccines, diagnostics and therapeutics”.

In documents shared before the meeting with the Group of 20 (G20) presidency, which is currently held by Italy, the WHO said that the ACT-A still needs nearly $17bn to meet its targets for 2021, which is about half of its original request.

Most of the money is needed for the supply of Covid-19 tests and personal protective equipment, such as face masks, to poorer nations, the documents seen by Reuters say.

Unequal pledges

Almost all the money requested for vaccine procurement has now been pledged, but production problems and the unequal distribution of vaccines have left many poorer countries with very few doses — in many cases not even enough to vaccinate healthcare workers and the most vulnerable.

The US, the EU and other wealthy nations have made pledges to donate hundreds of millions of vaccines that they have already secured, but the WHO says many more are needed.

Covax, the vaccine pillar within the ACT-A, has so far delivered about 100-million doses to a total of over 130 countries. Its goal is to distribute two-billion doses by the end of 2021.

G20 nations have been asked to contribute $27bn to the funding of ACT-A, of which 51% has already been pledged, one of the WHO documents says.

The requests were calculated based on the G20 member states’ economic power, but the pledges vary significantly.

Germany, Canada and Saudi Arabia have already offered more than they were asked for.

The US, Britain and Italy have pledged around two-thirds of what was requested, but France has so far promised only 25% of what it was asked for, while China and Russia have made no financial commitment at all. 

Reuters

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