By Eric Ojo, Abuja
The German Government has pledged to support the Access to COVID-19 Tools Accelerator (ACT Accelerator), the platform coordinated by the World Health Organization (WHO) to strengthen global efforts against the COVID-19 pandemic with the sum of €1.5 billion (N570 billion).
The German Chancellor Angela Merkel made the pledge in the margins of the virtual G7 summit held alongside the Munich Security Conference penultimate Friday.
Moreover, the additional pledge comes on top of the €600 million (N230 billion), committed previously by the German government. Most of the funding should be used for supplying vaccines worldwide through COVAX.
While reiterating warnings by WHO that “no-one is safe until everyone is safe”, Chancellor Merkel declared that a vaccination offer should be made to everyone in the world, adding that the mutant variants of the virus in particular pose a threat as long as worldwide infection rates remain high.
In Africa alone, 3,8 million people have been infected with over 100.000 deaths, according to the Africa Centre for Disease Control and Prevention based in Addis Ababa.
This, according to a statement by Yetunde Oluronke Jonah, Press and Public Diploma Department of Embassy of Germany in Abuja, is intended that the German contribution be incorporated as part of a funding package to the ACT-Accelerator from international partners.
Meanwhile, COVAX, the vaccines pillar of the ACT-Accelerator, is supporting the building of manufacturing capabilities and buying supply ahead of time so that 2 billion doses can be fairly distributed by the end of 2021.
The objective is to provide doses for at least 20 percent of countries’ populations through a diverse and actively managed portfolio of vaccines, to end the acute phase of the pandemic and rebuild economies.
The statement added that so far 10,3 billion US dollars have been committed to the ACT Accelerator, of which 7.5 billion by the G7 states (Canada, France, Germany, Italy, Japan, United Kingdom, United States of America plus the European Union).
Also in their statement G7 leaders also expressed its commitment and support for the vulnerable countries. “We reaffirm our support to the most vulnerable countries, our commitment to the Sustainable Development Goals, and our partnership with Africa, including to support a resilient recovery”, the leaders added.
According to the statement, they also committed themselves “to strengthen support for countries’ responses by exploring all available tools, including through full and transparent implementation of the Debt Service Suspension Initiative”, aiming at alleviating the debt burden of eligible countries at a time when public finances are under particular strain from the COVID pandemic.
With its fresh commitment to the ACT Accelerator, now totaling €2.1 billion (N800 billion), Germany is currently the largest donor state in this framework.
Receive Alerts On:
Facebook: MetroDailyNG, Twitter: @MetroDailyNG
Share Your Stories With Us: