The World Health Organisation (WHO) needs not less than Sh3.8 trillion to eradicate the COVID-19 pandemic, a new funding appeal has revealed. “The economic rationale for investment is clear: The global economy is expected to contract by Sh759.8 trillion (USD7 trillion) in 2020 as a result of the pandemic. ACT-Accelerator’s financing gap is Sh3.8 trillion (USD35 billion). Launched on April 24, this year, the Access to COVID-19 tools (ACT) Accelerator is a Sh1.2 trillion public and private sector initiative which brings together expertise and institutions from around the world to accelerate the development, regulatory approval, scale-up, delivery and equitable allocation of COVID-19 tests, treatments and vaccines. Moreover, the statement warned that a lack of innovation for and sufficient access to effective tests, treatments and vaccines would hold up the recovery for all countries.

Source: Standard Digital September 28, 2020 11:01 UTC