Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
COVID-19
Economy
Other

Vaccine inequity costs developing countries billions in GDP

28 Jul 2021
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

Covid-19 vaccine inequity will have a lasting and profound impact on socio-economic recovery in low- and lower-middle-income countries without urgent action to boost supply and assure equitable access for every country, including through dose sharing.

That’s according to new data released by the United Nations Development Programme (UNDP), the World Health Organization (WHO) and the University of Oxford.

The data reveals that an acceleration in scaling up manufacturing and sharing enough vaccine doses with low-income countries could have added $38 billion to their GDP forecast for 2021 if they had similar vaccination rates as high-income countries.

At a time when richer countries have paid trillions in stimulus to prop up flagging economies, now is the moment to ensure vaccine doses are shared quickly, all barriers to increasing vaccine manufacturing are removed, and financing support is secured so vaccines are distributed equitably and a truly global economic recovery can take place, the research points out.

A high price per Covid-19 dose relative to other vaccines and delivery costs - including for the health workforce surge - could put a huge strain on fragile health systems and undermine routine immunisation and essential health services and could cause alarming spikes in measles, pneumonia and diarrhoea.

There is also a clear risk in terms of foregone opportunities for the expansion of other immunisation services, for example the safe and effective rollout of HPV vaccines.

Lower income countries need timely access to sustainably priced vaccines and timely financial support, the data reveals.

These insights come from the Global Dashboard for Covid-19 Vaccine Equity, a joint initiative from UNDP, WHO and the University of Oxford’s Blavatnik School of Government, which combines the latest information on Covid-19 vaccination with the most recent socio-economic data to illustrate why accelerating vaccine equity is not only critical to saving lives but also to driving a faster and fairer recovery from the pandemic, with benefits for all.

“Vaccine inequity is the world’s biggest obstacle to ending this pandemic and recovering from Covid-19,” says Dr Tedros Adhanom Ghebreyesus, director-general of the World Health Organization.

“Economically, epidemiologically and morally, it is in all countries' best interest to use the latest available data to make lifesaving vaccines available to all.”

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Proposed cabotage rules in line with 91 other countries

Sea Freight

“No ship, other than a South African-owned ship, is permitted to engage in coastwise traffic for the conveyance of goods between ports in SA.”

45 minutes ago
0 Comments

Fuel-crime curbing causes tanker build-up at Moz border

Border Beat
Yesterday
0 Comments

Agri processing and farm logistics under spotlight at Nampo

Imports and Exports

More than 200 light aircraft, including helicopters and small twin-prop planes, are expected to fly in.

Yesterday
0 Comments

Saudi Arabian operator evaluates Port of Durban investment

Logistics

The brownfield development opportunity in Maydon Wharf spans 145 hectares and features 15 berths.

Yesterday
0 Comments

Preferred bidders for Port of RB’s South Dunes Precinct announced

Logistics

TNPA said it forms part of its masterplan for ports in KwaZulu-Natal.

Yesterday
0 Comments

Shipyard turns to humanoids to sail ahead

Logistics

This move is seen as a significant step in the industry’s push towards automation.

Yesterday
0 Comments

AD Ports group signs Suez Canal deal

Imports and Exports

The company has committed $120 million for the initial development and feasibility studies.

Yesterday
0 Comments

Drones strike Port Sudan

Imports and Exports

The city’s port and airport precinct have been targeted in the attacks over the past four days.

Yesterday
0 Comments

RFA Convention to spotlight freight solutions

Logistics

Transport sector leaders will focus on resolving burning issues facing the industry at the upcoming conference.

07 May 2025
0 Comments

Sea freight under fire from trade war

Sea Freight

The outlook for container shipping was even more uncertain now than it was at the onset of the Covid virus.

 

07 May 2025
0 Comments

Illicit trade hits South Africa’s state capture-eroded fiscus hard

Economy
07 May 2025
0 Comments

Danish line rolls out IoT platform

Sea Freight

Maersk has implemented a new digital connectivity platform aboard its fleet for cargo tracking.

07 May 2025
0 Comments
  • More

FeatureClick to view

Sea Freight May 2025

Border Beat

Fuel-crime curbing causes tanker build-up at Moz border
Yesterday
Border police turn the tide on illegal crossings
29 Apr 2025
BMA officials arrested for enabling illegal immigration
24 Apr 2025
More

Featured Jobs

New

Inside Sales with Estimates Experience (Also suitable for an Estimator wanting to get into Internal Sales) CPT

Tiger Recruitment
Cape Town
07 May

Cost Estimator - Durban North

Lee Botti & Associates
Durban
07 May

Clearing and Forwarding Sales Executives

QI Logistics
ISANDO
06 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us