A letter from South Africa’s president, Norway’s prime minister, and the heads of the World Health Organization and European Commission said that G20 leaders must help close a funding gap to purchase vaccines, drugs and tests to combat the coronavirus pandemic.
The letter was sent ahead of the Group of 20’s virtual summit at the weekend in Riyadh organised by Saudi Arabia, which currently holds the rotating presidency of the club of rich nations and big emerging powers.
The letter sent to G20 leaders stated that “A commitment by G20 leaders at the G20 summit in Riyadh to invest substantially in the ACT (Access to COVID-19 Tools) Accelerator’s immediate funding gap of US $4.5 billion will immediately save lives, lay the groundwork for mass procurement and delivery of COVID-19 tools around the world, and provide an exit strategy out of this global economic and human crisis,”
The letter further called on G20 leaders to commit jointly to “a proportion of future stimulus” spending on the tools, which are particularly aimed at securing supplies for lower income countries.
The signatories of the letter were South African President Cyril Ramaphosa, Norway’s Prime Minister Erna Solberg, WHO director-general Tedros Adhanom Ghebreyesus and Ursula von der Leyen, president of the European Commission.
Dag Inge Ulstein, Norway’s minister of international development said that “Engaging finance ministers now to actually raise all the money that we need, not only the urgent money needed for 2020 but actually make sure that we are fully funding the total work of the ACT Accelerator is so important.
He further said that “It’s the next weeks that will be very, very crucial,”
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