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What does COVID-19 mean for development? 20 April 2021 EIB From the loss of education to the impact on businesses, jobs and the flow of finance for development, the economic scars of the pandemic will take time to heal. In the light of COVID-19, development finance backing from the European Union is more important than ever. By Tessa Bending, Colin Bermingham and Emily Sinnott The world was not doing enough for sustainable development, even before the pandemic. The existing gap in financing for the achievement of the Sustainable Development Goals has been estimated at around $2.5 trillion.[1]...

The world is in the midst of its worst Covid crisis so far. It didn't have to be this way As a global vaccine-sharing initiative backed by the World Health Organization rolls out across Africa, some low-income countries get their the first inoculations against coronavirus. Posted: May 3, 2021 9:00 PM Updated: May 3, 2021 9:00 PM Posted By: By Laura Smith-Spark and Nectar Gan, CNN A year ago, when the Covid-19 pandemic was still in its relative infancy, the head of the World Health Organization stressed that a global approach would be the only way out of the crisis. "The way forward is sol...

The world is in the midst of its worst Covid crisis so far. It didn't have to be this way CNN 19 mins ago By Laura Smith-Spark and Nectar Gan, CNN © Fariha Farooqui/Getty Images MUMBAI, INDIA - APRIL 29: People line up to receive their Covid-19 vaccines at a mass vaccination center on April 29, 2021 in Mumbai, India. With recorded cases crossing 380,000 a day and 3000 deaths in the last 24 hours, India has more than 2 million active cases of Covid-19, the second-highest number in the world after the U.S. A new wave of the pandemic has totally overwhelmed the country's hea...

A year ago, when the COVID-19 pandemic was still in its relative infancy, the head of the World Health Organisation stressed that a global approach would be the only way out of the crisis. "The way forward is solidarity: solidarity at the national level, and solidarity at the global level," WHO Director General Tedros Adhanom Ghebreyesus told a media briefing in April 2020. Fast-forward 12 months and the devastating scenes in India, where hospitals have been overwhelmed by a surge of COVID-19 cases and thousands are dying for lack of oxygen, suggest the warnings went unheeded. READ MORE: Peop...

April 27, 2021 On April 15, Gavi, the Vaccine Alliance, and the U.S. government co-hosted a high-level meeting centered around the theme of “One World Protected” to launch a fundraising campaign for the COVAX Advance Market Commitment (AMC). The COVAX AMC is a financing mechanism intended to make Covid-19 vaccines available at low cost for 92 lower- and lower-middle income countries with an annual gross national income per capita of less than $4,000. An adaptation of an earlier financing model used successfully to incentivize the production and distribution of new vaccines for pneumococca...