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The world needs 35 billion dollars to defeat COVID-19; WHO calls for focus on four essential priorities

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We are not asking for an act of charity. We are asking for an investment in the global recovery. The economic benefits from restoring international travel and trade alone would repay this investment very quickly. World leaders will meet virtually for a high-level side event during the United Nations General Assembly to discuss the work of the ACT Accelerator, and to call for the financial commitments to realize its promise. We continue to urge countries to focus on four essential priorities. First, prevent amplifying events. Second, protect the vulnerable. Third, educate, empower and enable communities to protect themselves and others, using every tool at their disposal. And fourth, get the basics right: find, isolate, test and care for cases, and trace and quarantine their contacts. The World Health Organisation and partner organizations have published a detailed strategic plan and investment case for the urgent scale-up phase of the ACT Accelerator, building on the success of the start-up phase.  This is contained in a media statement issued today by the organisation. By the end of next year, the ACT Accelerator aims to deliver 2 billion doses of vaccine; 245 million courses of treatment; and 500 million diagnostic tests to low- and middle-income countries.  The number of countries joining the COVAX facility grows every day. As of today, 67 high-income countries have formally joined and another 34 are expected to sign, joining 92 lower-income countries who are eligible for financial support through Gavi.  The current financing gap for the ACT Accelerator stands at 35 billion dollars. Of the 35 billion dollars, 15 billion dollars is needed immediately to exploit the ACT-A progress to fund research and development, scale up manufacturing, secure procurement and strengthen delivery systems With the northern hemisphere flu season approaching, and with cases and hospitalizations increasing, many countries find themselves struggling to strike the right balance between protecting public health, protecting personal liberty and protecting their economies. So-called lockdowns and the impact on global travel and trade have already taken such a heavy toll. The global economy is expected to contract by trillions of US dollars this year. Many countries have poured money into domestic stimulus packages. But these investments will not on their own address the root cause of the economic crisis – which is the disease that paralyzes health systems, disrupts economies and drives fear and uncertainty. We continue to urge countries to focus on four essential…

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