COVID-19: Germany first to contribute ‘fair share’ for vaccine equity push

(United Nations News) Germany has become the first country to answer a call for wealthy nations to contribute their “fair share” towards ending the COVID-19 pandemic, the World Health Organization (WHO) reported on Tuesday. 

The country has committed to provide $1.22 billion to support the ACT-Accelerator, the global partnership for equitable access to tests, treatments, vaccines, and personal protective equipment (PPE). 

The mechanism requires $16.8 billion to meet urgent needs. 

Last month, the co-chairs of the ACT-Accelerator Facilitation Council – President Cyril Ramaphosa of South Africa and Prime Minister Jonas Gahr Støre of Norway – appealed to 55 countries to contribute their “fair share” towards bridging the gap. 

This would be calculated based on the size of their national economy and what they would gain from a faster recovery of the global economy and trade. 

German Finance Minister Christian Lindner, announced the pledge at the G7 Finance Ministers’ Meeting, which was held virtually.  

An additional $253 million will also be allocated for in-country COVID-19 response. 

Read more at: United Nations News

Source: CARICOM TODAY