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Global Covid-19 cases surpass 100 million, as US seeks to reset its Covid fight

The widening gap for vaccine supplies between rich and poor countries led both South African President Cyril Ramaphosa and World Health Organization chief Tedros Adhanom Ghebreyesus to lash out at “vaccine nationalism.”

Ramaphosa told the WEF that low- and middle-income countries were being shouldered aside by wealthier nations able to acquire “up to four times what their population needs.”

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China wanted to show off its vaccines. It’s backfiring

To be sure, the Chinese vaccines have a big appeal to many countries. More than 40 countries have expressed an interest in importing Chinese vaccines, according to China’s Foreign Ministry. Several world leaders, including President Reccep Tayyip Erdogan of Turkey and President Joko Widodo of Indonesia, have gotten a Sinovac vaccine.

But the spotty and inconsistent disclosures about the vaccines remain a problem. Sinopharm, has said a vaccine candidate made by its Beijing Institute of Biological Products arm has an efficacy rate of 79 per cent, but it did not disclose crucial details. Sinopharm didn’t respond to a request for comment.

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Programmes tackling extreme poverty reach nearly 92 mln people

Currently an estimated 700 million people live in extreme poverty, meaning surviving on less than US$1.90 a day. “One of the most stubborn challenges we face in development is positively transforming the lives of the extreme poor and vulnerable – a problem exacerbated by the COVID-19 pandemic,” Mari Pangestu, the World Bank’s managing director for Development Policy and Partnerships, said in a statement.

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IMF lifts global growth forecast for 2021, still sees ‘exceptional uncertainty’

But it warned that the world economy continued to face “exceptional uncertainty” and new waves of COVID-19 infections and variants posed risks, and global activity would remain well below pre-COVID-19 projections made one year ago. IMF chief economist Gita Gopinath said U.S. President Joe Biden’s pledge to fund the World Health Organization’s COVAX vaccine initiative marked “a very big step” to containing the pandemic and ensuring more equitable distribution of vaccines.

“Much more will be needed, because as we can see, given the mutating virus, that this is not a problem that’s going away anytime soon,” Gopinath told a news conference. “There is still a tremendous amount of uncertainty,” she told Reuters in a separate interview. “We know that the health crisis is not over until it’s over everywhere.”

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Brazil’s Bolsonaro gives nod to private sector buying COVID-19 shots, AstraZeneca balks

AstraZeneca, however, said in a statement on Tuesday that all of its vaccine supply “at this moment” is only available to governments and multilateral organizations around the world. “It is not possible to make vaccines available to the private sector,” it said. Several companies denied reports that they had joined the initiative, including hospital group DASA SA, which said in a statement it is seeking to understand the commercial availability of vaccines through its suppliers.

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