Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Freight & Trading Weekly
    • Imports and Exports
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Technology
    • Trade/Investment
    • Webinars
  • 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.

Freight forwarders in the dark about Amex service

Imports and Exports
Logistics
19 May 2025
0 Comments

South Africa exports one million cartons of homegrown cultivar

Imports and Exports

Flash Gala apples make breakthrough entry into Chinese market.

19 May 2025
0 Comments

Transnet union to issue 48-hour strike notice if deadlock remains

Logistics

Untu says a revised wage offer is expected on Monday, failing which workers will down tools.

19 May 2025
0 Comments

Shipwreckers returns for first 2025 event

Logistics

The event has previously raised over R100 000 for charity.

19 May 2025
0 Comments

SaferStops Association calls for commitment to truck driver wellness

Road/Rail Freight

Hundreds of drivers, fleet operators and industry experts gathered for the 2025 Truck Driver Safety and Wellness Symposium.

19 May 2025
0 Comments

Non-mineral economy gaining traction in Namibia

Logistics

Collaboration has been a key driver of the country’s recent progress, said Mbahupu Hippy Tjivikua, chief executive of the Walvis Bay Corridor Group.

19 May 2025
0 Comments

Shippers warned to monitor cargo closely during Untu strike

Logistics

Logistics company advises shippers to communicate concerns about urgent or time-sensitive cargo.

16 May 2025
0 Comments

GNU targets livestock auctions after China bans SA beef

Imports and Exports
16 May 2025
0 Comments

New tariff protection for South African wheat hits a snag

Imports and Exports

Itac request for comment for stronger tariff protection for locally produced wheat only protects brown flour.

16 May 2025
0 Comments

Creecy outlines logistics sector reforms

Logistics
Road/Rail Freight

The government is continuing to collaborate with original equipment manufacturers to ensure that spare parts for essential machinery can be sourced.

16 May 2025
0 Comments

Suez Canal offers toll reductions for large containerships

Logistics
Sea Freight

“We are monitoring developments moment by moment and assessing the changing dynamics.” – Maersk.

16 May 2025
0 Comments

Oil spill response in Red Sea under the spotlight

Sea Freight

Workshop focuses on equipping officials and responders with the skills and knowledge to manage and mitigate major marine pollution incidents.

16 May 2025
0 Comments
  • More

FeatureClick to view

Namibia 23 May 2025

Border Beat

BMA steps in to help DG and FMCG cargo at Groblersbrug
21 May 2025
The N4 Maputo Corridor crossing – congestion, crime and potholes
12 May 2025
Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
More

Featured Jobs

New

Branch Manager (DBN)

Tiger Recruitment
Durban
22 May
New

General Manager

Switch Recruit
Centurion
22 May
New

Clearing Controller

Lee Botti & Associates
Durban
21 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us