{"id":121700,"date":"2021-09-22T19:34:33","date_gmt":"2021-09-22T19:34:33","guid":{"rendered":"https:\/\/fin2me.com\/?p=121700"},"modified":"2021-09-22T19:34:33","modified_gmt":"2021-09-22T19:34:33","slug":"developing-nations-plea-to-worlds-wealthy-at-u-n-stop-vaccine-hoarding","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/developing-nations-plea-to-worlds-wealthy-at-u-n-stop-vaccine-hoarding\/","title":{"rendered":"Developing nations' plea to world's wealthy at U.N.: stop vaccine hoarding"},"content":{"rendered":"

UNITED NATIONS (Reuters) – Leaders from developing nations warned the U.N. General Assembly this week that COVID-19 vaccine hoarding by wealthy countries left the door open for the emergence of new coronavirus variants even as infections already increase in many places.<\/p>

FILE PHOTO: Vials with Pfizer-BioNTech, AstraZeneca, Sputnik V, and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. REUTERS\/Dado Ruvic\/Illustration<\/figcaption>

The Philippines warned of a \u201cman-made drought\u201d of vaccines in poor countries, Peru said international solidarity had failed and Ghana lamented vaccine nationalism. The United Nations chief described the inequitable distribution of COVID-19 vaccines as an \u201cobscenity.\u201d<\/p>\n

\u201cRich countries hoard life-saving vaccines, while poor nations wait for trickles,\u201d Philippines President Rodrigo Duterte told the high-level gathering on Tuesday.<\/p>\n

\u201cThey now talk of booster shots, while developing countries consider half-doses just to get by. This is shocking beyond belief and must be condemned for what it is \u2013 a selfish act that can neither be justified rationally nor morally.\u201d<\/p>\n

About 35% of people who have received at least one dose of a coronavirus vaccine were from high-income countries, and at least 28% were from Europe and North America, according to Reuters data from countries that report such figures.<\/p>\n

Meanwhile, vaccination rates in some countries, including Haiti and the Democratic Republic of Congo, are less than 1%, a Reuters tracker shows.<\/p>\n

The African continent bears the worst brunt of vaccine nationalism, Ghana President Nana Akufo-Addo told the gathering on Wednesday. About 900 million Africans are still in need of vaccines in order to reach the 70% threshold achieved in other parts of the world.<\/p>\n

Colombian President Ivan Duque said COVID-19 vaccines must be equitably distributed to avoid the creation of new, more fearsome variants of the coronavirus.<\/p>\n

\u201cIf delays in the equal distribution of vaccines continue in all countries we, humanity, are exposed to new variants attacking us with greater ferocity. Global immunity requires solidarity, so hoarding cannot exist in the face of others\u2019 needs,\u201d Duque said on Tuesday.<\/p>\n

Some countries have acquired enough doses for six or seven times their population and have announced third booster doses, Duque added, while others have not been able to administer any shots.<\/p>\n

BIDEN UPS VACCINE DONATIONS<\/h2>\n

U.S. President Joe Biden on Wednesday pledged to buy 500 million more COVID-19 vaccine doses to donate to other countries, which will put total U.S. donations to more than 1.1 billion doses as it comes under increasing pressure to share its supply with the rest of the world.<\/p>\n

\u201cThis is an all hands on deck crisis,\u201d Biden said, kicking off a virtual summit on the sidelines of the General Assembly aimed at boosting global vaccination rates.<\/p>\n

Chinese leader Xi Jinping, in his speech to the U.N. on Tuesday, repeated China\u2019s aim to provide 2 billion COVID-19 vaccine doses to the world by the end of the year.<\/p>\n

ONE Campaign, a nonprofit focused on poverty and public health, said the U.S. donation will not be enough and that other wealthy countries need to urgently increase support for global vaccination efforts or face leaving more than 2.3 billion around the world still unvaccinated by September next year.<\/p>\n

\u201cWe are past the point of urgency to end this pandemic. Everyone is on the hook to agree to a global plan to get 70% of the world vaccinated,\u201d Tom Hart, acting chief executive at ONE, said in a statement.<\/p>\n

Peru\u2019s new leftist president, Pedro Castillo, told the gathering he was proposing an international agreement between heads of state and the owners of COVID-19 vaccine patents \u201cto guarantee universal access\u201d to the shots.<\/p>\n

\u201cThe battle against the pandemic has shown us the failure of the international community to cooperate under the principle of solidarity,\u201d Castillo said.<\/p>\n

Peru has suffered the world\u2019s highest mortality rate caused by the virus and has so far fully vaccinated less than 30% of its population.<\/p>\n

The new Iranian president, Ebrahim Raisi, told leaders the Islamic Republic is facing another hurdle in its bid to get its population vaccinated – U.S. sanctions.<\/p>\n

\u201cSanctions, especially sanctions on medicine at the time of the COVID-19 pandemic, are crimes against humanity,\u201d Raisi said on Tuesday.<\/p>\n

Food, medicine and other humanitarian supplies are exempt from U.S. sanctions reimposed on Tehran in 2018 but the measures have deterred some foreign banks from processing financial transactions with Iran.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

UNITED NATIONS (Reuters) – Leaders from developing nations warned the U.N. 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