USD 31.3 Billion Required by WHO-led coalition ‘ACT-Accelerator’ to fight against COVID-19
A coalition led by the World Health Organization (WHO) to combat the outbreak of the COVID-19 pandemic has informed on 26th June 2020 that it would require USD 31.3 billion in the next 12 months for continuing its fight against the pandemic.
As of today, the coalition has been able to collect USD 3.4 billion, which is 27.9 billion less than what they would require to develop and deliver tests, treatment, and vaccines for the COVID-19. The coalition further added that it would require USD 13.7 billion out of the USD 31.3 billion urgently.
About the WHO-led Coalition
The coalition is known by the name ACT-Accelerator initiative, where ACT stands for Access to COVID-19 Tools. The ACT-Accelerator was launched in April 2020 as a global initiative by the WHO. Under the coalition, many public and private organizations involved in drug-development to funding and distribution are involved.
Aim of the ACT-Accelerator Initiative
Under the initiative, the coalition intends to develop 2 billion doses of COVID-19 vaccines by the end of 2021. Out of the 2 billion, the coalition expects that the 1 billion will be bought by low and middle-income countries.
At present, under the initiative, the aim is to scale up the development and delivery of 500 million COVID-19 test Kits.
Month: Current Affairs - June, 2020
Category: International Current Affairs