Financial Mirror (Cyprus)

G20 must act now to vaccinate the world

- By Jeffrey D. Sachs and Juliana Bartels © Project Syndicate, 2021. www.project-syndicate.org

When G20 finance ministers meet in Venice on July 9-10, they should adopt a plan to immunize the world against COVID-19. Every vaccine-producing country will be in the room: the United States, the United Kingdom, the European Union, China, Russia, and India. Together, these countries produce enough doses to complete the immunizati­on process for the entire globe by early 2022. Yet the world still lacks a plan to get it done.

The existing global effort to bring vaccine coverage to poor countries, known as the COVID-19 Vaccine Global Access (COVAX) facility, has fallen disastrous­ly short of what is needed. Vaccine-producing countries have used their output to vaccinate their own population­s – with many millions of doses to spare. And vaccine-producing companies have made secret deals with government­s to sell vaccines bilaterall­y rather than through COVAX at a lower cost.

The world is plagued by the selfishnes­s of the vaccinepro­ducing countries, the greed of the companies, and the collapse of basic cooperativ­e governance between the world’s major regions. We doubt that experts from the US government have ever met (even by Zoom) with their counterpar­ts in China and Russia to plan a global vaccine campaign. The US has been more interested in shipping vaccines to Taiwan, presumably to embarrass the People’s Republic of China, than to work with China to protect the entire world.

Scientists have been sounding the alarm that delay in global vaccine coverage could prove devastatin­g for the entire world, as new variants arise that evade the existing vaccines. That ominous breakout is already underway. Israeli scientists have reported that the Pfizer-BioNTech vaccine is only 64% effective against the Delta variant, compared to 95% effective against the original virus (though four other studies found significan­tly higher efficacy).

The good news is that comprehens­ive global vaccine coverage is feasible. Global production levels are now high enough to reach comprehens­ive coverage for the adult population in every country within a few months. What we need now are plans to share vaccine doses among countries worldwide, rich and poor alike, supported by logistics and financing. None of this is out of reach if the G20’s members finally start planning seriously.

Shockingly, there are no systematic, comprehens­ive, and up-to-date official figures on expected monthly vaccine production according to producing company and country. We have based our estimates of likely vaccine production in the coming months on the actual doses delivered and each company’s announceme­nts, mainly in statements to investors for press releases. From this projection, we have devised a preliminar­y timeline to achieve a high level of global vaccine coverage. The failure of COVAX, the World Health Organizati­on, the G20, and the vaccine-producing countries to do the same amounts to a dramatic breakdown of global cooperatio­n.

Our estimate is the following. Monthly production by all companies producing COVID-19 vaccines that have received emergency use listing by the WHO and national regulatory authoritie­s, and that are being widely administer­ed between July and December 2021, will average around one billion doses.

The world’s population is 7.8 billion, and 5.8 billion are 15 or older. If we define comprehens­ive immunizati­on as 80% coverage of the adult (15 and older) population in each country, the world should be aiming to immunize 4.6 billion individual­s.

6 bln doses needed

As of June 30, about 850 million people have been fully immunized, and about 950 million more have received the first dose of the vaccine. To achieve 80% adult vaccinatio­n coverage globally, around six billion doses will be required.

We have made a preliminar­y spreadshee­t model showing that with about one billion vaccine doses delivered each month and approximat­ely six billion doses required, we can achieve comprehens­ive vaccine coverage in about six months – by early 2022. The precise numbers depend on the specific combinatio­n of vaccines.

But that will happen only if there is a global plan that includes a timetable to allocate the doses across all countries, a logistical plan to transport the vaccines, an implementa­tion plan within every country, and a financing plan.

The situation is especially urgent in Africa, where only about 16 million people, or just 2% of the adult population, were fully immunized as of June 30. This is incredibly low, especially compared with full vaccinatio­n rates of 17% of the worldwide adult population outside of Africa, and far higher rates in the vaccine-producing countries: 57% of the adult population in the US, 59% in the UK, 40% in the EU, 15% in Russia, and 6% in India as of June 30, and 19% in China as of June 10.

There are enormous global risks. The Delta variant is now surging through Africa, auguring a monumental catastroph­e unless immunizati­on coverage is dramatical­ly accelerate­d. The Africa Task Force of the Lancet COVID-19 Commission has issued an urgent appeal for 300 million vaccine doses for Africa.

Moreover, new variants with a greater ability to evade the existing vaccines may soon emerge. And the global anti-vax movement and disinforma­tion campaigns have spurred vaccine hesitancy, which means that even when doses are available, uptake falls well below comprehens­ive adult coverage.

In short, we are still profoundly unsafe – everywhere. The four million confirmed COVID-19 deaths to date (excess death figures indicate that actual deaths are probably many times higher) are the tragic result of the world’s failure to respond to COVID-19 with clarity, cooperatio­n, and compassion.

The G7 pledge last month to donate 870 million doses, enough to immunize around 435 million people fully, remains far short of a global plan.

It is imperative that the G20 come together and act to provide the needed vaccines. The world’s health depends on what happens in Venice this week.

Jeffrey D. Sachs, University Professor at Columbia University, is Director of the Center for Sustainabl­e Developmen­t at Columbia University and President of the UN Sustainabl­e Developmen­t Solutions Network. Juliana Bartels is Special Assistant to the Director at the Center for Sustainabl­e Developmen­t at Columbia University.

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