G20 Virtual Summit works on and funded COVID-19 vaccine

The handouts published by the G20 Riyadh Summit show a virtual family photo of the G20 leader projected on the wall of the At to Life district in Riyadh, Saudi Arabia. Photo courtesy of G20 Riyadh Summit

November 21st – World leaders were scheduled to meet virtually on Saturday for the annual G20 Summit, focusing on funding this year’s COVID-19 vaccine.

Leaders were expected to approve an official statement on vaccine and dose supply. The weekend event was scheduled to be streamed on the G20 website.

Saudi Arabia is hosting the summit until Sunday, effectively replacing the originally planned conference in Riyadh in his year for a pandemic.

European Commission Chairman Ursula von der Leyen spoke in a statement prior to the summit on the need for global cooperation.

Von der Leyen said the current $ 1.8 billion promise is less than the $ 5 billion needed to reach the goal of buying 2 billion batches for low- and middle-income countries by the end of 2021. ..

ACT-Accelerator and COVAX facilities have been set up to mass-produce and distribute vaccines and therapeutics and use “co-purchasing power” to curb the spread of pandemics not only in wealthy countries but around the world. We are negotiating a good price.

94 high-income countries have confirmed their participation in COVAX, but US President Donald Trump has resisted due to the involvement of the World Health Organization.

Testing and treatment with ACT-Accelerator requires an additional $ 38 billion, with $ 4 billion to date.

“The pandemic has caused an unprecedented impact on the world in terms of lost lives, affected livelihoods and, of course, financial costs,” Fonde Araien said in a statement. “Of course, our top priority is to stop the virus not only in Europe but also in the world. To do so, we can mass-produce vaccines and therapeutics at affordable prices and distribute them worldwide. You need to continue investing in it. “

According to a report released prior to the summit, G20 countries have invested $ 11 trillion in efforts to restore the pandemic economy.

The two-day summit will also address climate variability and world trade. According to some diplomats, the closeness between Mr. Trump and the Saudi monarchy has hampered efforts to encourage Saudi Arabia to adopt climate change targets, and Mr. Trump’s trade war with China has become a global trade issue. It has hindered efforts to tackle it.

Von der Leyen said in a statement Friday that Joe Biden’s election as US president created hope.

“All countries need to work together to improve global health and safety,” she said. “The United States has resisted tackling this topic so far, but I hope the new president will change. Indeed, the president-elect has already promised to strengthen multilateral cooperation, including in the health sector. There. “

G20 Virtual Summit works on and funded COVID-19 vaccine

Source link G20 Virtual Summit works on and funded COVID-19 vaccine

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