Business a.m.

Globalizin­g the COVID Vaccine

Okonjo-Iweala is a former board chair of Gavi, the Vaccine Alliance, and a former African Union special envoy on COVID-19.

- NGOZI OKONJO-IWEALA Copyright: Project Syndicate, 2020. www.project-syndicate.org

LAGOS – The developmen­t and approval of safe and effective COVID-19 vaccines less than a year after the start of the pandemic is a truly remarkable achievemen­t, offering hope that the end of this devastatin­g crisis may be in sight. What will follow in the coming months – or even weeks – will be equally remarkable: COVID-19 vaccines will be made available to people around the world – not just in the wealthiest countries – at roughly the same time.

Vaccines will reach the majority of rich-country citizens in the first quarter of this year, and citizens of low- and lower-middleinco­me countries will also begin to access them. The speed and scale at which vaccines are being provided is both extraordin­ary and necessary to end the pandemic, and is possible only thanks to an unpreceden­ted show of global solidarity and multilater­al support for COVAX, the central mechanism in the global COVID-19 vaccinatio­n effort, launched last year by the World Health Organizati­on and Gavi, the Vaccine Alliance (which I led).

COVAX will facilitate the rollout of two billion vaccine doses over the next year, reaching people in 190 participat­ing countries and economies, regardless of their ability to pay. In fact, there should be enough doses to protect all healthand social-care workers worldwide by mid-2021. And despite meeting with its share of naysayers, the program has continued to attract more government­s, economic policymake­rs, and vaccine manufactur­ers. These participan­ts are signing on because they recognize that COVAX is the only viable global solution to the COVID-19 crisis.

Now that we have reached this critical juncture, speculatio­n about whether COVAX will fail must stop. It is time to start providing the support needed to ensure that it succeeds in doing what it was designed to do. The developmen­t and approval of vaccines is merely the first step. As long as the coronaviru­s can be transmitte­d between people, many will continue to be infected, and some will die. The hope of returning to normal trade, commerce, and travel will remain elusive.

To end the cycle, we cannot vaccinate only some people in some countries; we must protect all people everywhere. Yet as vaccines have been rolled out, demand has predictabl­y outpaced the still-limited supply. Under these conditions, even if doses are promised for the rest of the world further down the line, allocating vaccines to the highest bidder will merely prolong the crisis. Vaccine nationalis­m is precisely the problem that COVAX was created to solve.

In tackling COVID-19, we must avoid a repeat of 2009, when a small number of rich countries bought up most of global supply of H1N1 flu vaccine, leaving the rest of the world with none. Because every national government has a first-order duty to protect its own citizens, it is no surprise that some 35 countries have already concluded bilateral deals with pharmaceut­ical manufactur­ers for COVID-19 vaccines.

These arrangemen­ts are not ideal when it comes to the global vaccinatio­n effort. Although COVAX is flexible enough to work around this particular problem, it can do so only as long as manufactur­ers provide it with the same access to vaccines as national government­s receive. Unfortunat­ely, we are already seeing some government­s buy far more doses than they need, adding to the pressure on global supply during this critical initial phase.

Some of these countries have indicated that they will donate their surplus orders, in which case these additional doses will need to be redirected as quickly and as equitably as possible. The best way to ensure that they are is for donor government­s to go through the Gavi/COVAX Advance Market Commitment (AMC) mechanism, which was created to ensure that COVID-19 vaccines are made available to people living in the world’s 92 low- and middle-income countries.

So far, COVAX has secured around one billion doses for people in these countries, by striking deals with manufactur­ers of several of the most-promising vaccine candidates. But many more doses are needed. All manufactur­ers must step up and make their vaccines available and affordable to COVAX, so that there can be a timely global rollout. Some manufactur­ers have already done this; and internatio­nal donors have contribute­d the $2 billion that the COVAX AMC needed for 2020. But the program needed an additional $5 billion for 2021, and in December, the United States allocated $4 billion for Gavi in its second COVID-19 relief package.

Back in February, few imagined that by year’s end we would have more than one approved vaccine and be in a position to deliver doses to high- and lower-income countries simultaneo­usly. But the global community rallied and created a platform for doing precisely that. All COVAX needs now is enough internatio­nal support to finish the job.

In tackling COVID-19, we must avoid a repeat of 2009, when a small number of rich countries bought up most of global supply of H1N1 flu vaccine, leaving the rest of the world with none. Because every national government has a first-order duty to protect its own citizens, it is no surprise that some 35 countries have already concluded bilateral deals with pharmaceut­ical manufactur­ers for COVID-19 vaccines

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