Tuesday, December 23, 2025
31.3 C
Lagos

World Bank: Africa Can’t Meet 10% COVID-19 Vaccination Target by Sept

At its third meeting, the Multilateral Leaders Taskforce on COVID-19 (MLT) – the heads of the International Monetary Fund, World Bank Group, World Health Organisation and World Trade Organisation -met with the leaders of the African Vaccine Acquisition Trust (AVAT), Africa CDC, Gavi and UNICEF to tackle obstacles to rapidly scale-up vaccines in low- and lower middle-income countries, particularly in Africa, and issued the following statement:

“The global rollout of COVID-19 vaccines is progressing at two alarmingly different speeds. Less than 2% of adults are fully vaccinated in most low-income countries compared to almost 50% in high‑income countries.

These countries, the majority of which are in Africa, simply cannot access sufficient vaccine to meet even the global goals of 10% coverage in all countries by September and 40% by end 2021, let alone the African Union’s goal of 70% in 2022.

This crisis of vaccine inequity is driving a dangerous divergence in COVID-19 survival rates and in the global economy. We appreciate the important work of AVAT and COVAX to try and address this unacceptable situation.

However, effectively tackling this acute vaccine supply shortage in low- and lower middle-income countries, and fully enabling AVAT and COVAX, requires the urgent cooperation of vaccine manufacturers, vaccine-producing countries, and countries that have already achieved high vaccination rates. To ensure all countries achieve the global goals of at least 10% coverage by September and 40% by end-2021:

We call on countries that have contracted high volumes of vaccines to swap near-term delivery schedules with COVAX and AVAT.

We call on vaccine manufacturers to immediately prioritise and fulfill their contracts to COVAX and AVAT, and to provide regular, clear supply forecasts.

We urge G7 and all dose-sharing countries to fulfill their pledges urgently, with enhanced pipeline visibility, product shelf life and support for ancillary supplies, as barely 10% of nearly 900 million committed doses have so far been shipped.

We call on all countries to eliminate export restrictions and any other trade barriers on COVID-19 vaccines and the inputs involved in their production.

We are in parallel intensifying our work with COVAX and AVAT to tackle persistent vaccine delivery, manufacturing and trade issues, notably in Africa, and mobilise grants and concessional financing for these purposes.

We will also explore financing mechanisms to cover future vaccine needs as requested by AVAT. We will advocate for better supply forecasts and investments to increase country preparedness and absorptive capacity. And we will continue to enhance our data, to identify gaps and improve transparency in the supply and use of all COVID-19 tools.

The time for action is now. The course of the pandemic—and the health of the world—are at stake.

 

 

spot_img
spot_img
spot_img

Hot this week

Fidelity Bank Enhances Maternal and Child Healthcare Delivery at ESUTH

L-R: Public Relations Officer, Enugu State University Teaching Hospital...

Polaris Bank Champions Girls’ Hygiene Awareness with Female Hygiene Essentials in Schools

Polaris Bank has continued its commitment to empowering the...

Sterling Bank Champions Collective Action to Accelerate Nigeria’s Renewable Energy Transition

L-R: Mr. Ayo Ademilua, President, Renewable Energy Association of...

BUA Foods Hosts Minister of State for Industry, NSDC on Tour of LASUCO Sugar Company  

  BUA Foods Plc recently hosted the Hon. Minister of State for Industry,...

PenCom Unveils PenCare Initiative for Retirees Across Nigeria

The National Pension Commission (PenCom) has established the PenCare...

Topics

Nigeria’s Telecom Contribution to GDP Hits 16% – Danbattah

L-R: Executive Commissioner, Technical Services, Nigerian Communications Commission (NCC), Ubale...

Old Mutual Urges Nigerians to Mitigate Risks via Insurance

The Management of Old Mutual General Insurance Company, a...

A Tale of Three Regimes

Since 2004 to date, the banking sector and Central Bank of Nigeria (CBN) have welcomed three different Governors of three different governing styles. In essence, Chukwuma Soludo, Lamido Sanusi and Godwin Emefiele represent three dimensional regimes in one critical sector-Banking.For those that lived through the Central Bank of Nigeria (CBN) regimes of Professor Chukwuma Soludo and Mallam Lamido Sanusi, it was always a difficult act to objectively locate the successes and failures of both administrations in terms of curing the banking sector of its endless Ebola diseases and building strong bricks for sustainable future growth.

Moroccan Insurer, SAHAM, Acquires Continental Reinsurance Plc

Moroccan insurance company, Saham Finances announced, in a communiqué published on 16thSeptember, 2015, the acquisition of 53.6% of the capital of Continental Reinsurance PLC, a reinsurance company operating in 44 African countries. Saham, which did not reveal the cost of the transaction, specified having bought a majority shareholding in the company headquartered in Nigeria from private equity firm, Emerging Capital Partners (ECP Fund II), which controlled Continental Reinsurance for about a decade.

Africa Must Harness Power of Aviation for Growth

The International Air Transport Association (IATA) has called on...

Africa, Middle East PC Market Falls 13% in Qtr2

The Middle East and Africa (MEA) PC market experienced...

Unity Bank Projects N27bn in Q4 Earnings, Targets N4bn Profit

Unity Bank Plc has projected gross earnings of N27...

NIPR, P+ Measurement Partner on Media Monitoring

Clockwise: General Secretary, Lagos State Chapter, Nigerian Institute of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img