Gordon Brown proposes a G7 funding model to immunize the poorest countries
The former prime minister said Friday’s G7 meeting will decide “who lives and who dies”, based on access to the Covid-19 vaccine.
Brown argued that the G7 countries should use the summit to create a cost-sharing formula, modeled on United Nations peacekeeping, to help fund the distribution of vaccines in the poorest countries.
The international agencies ACT-Accelerator Alliance and Covax provide a means to pre-order and distribute vaccines equally among the 92 poorest countries in the world.
Writing in Bloomberg, Brown said they were gravely underfunded: “To close the huge funding gap for these agencies this year, $ 16 billion more is needed now, and over $ 30 billion in funding. next year “.
Based on his proposed model, Brown argues that the G7 countries should pay the majority (67%) of the total funds needed, with other G20 countries like China and Russia being responsible for the rest.
The financing plan is similar to that used to finance United Nations peacekeeping operations and takes into account factors such as the income and wealth of each country. In Brown’s suggested plan, the US would pay 27%, Europe 22%, the UK 5%, and Japan 6%. Canada, South Korea and Australia, 2% each.
Overall, it’s just a drop in the ocean for the richest countries, argues Brown. According to this model, the United States and Europe would pay about $ 4 billion more this year for the global immunization effort. In America’s case, that would mean less than 0.5% of the cost of its $ 2 trillion economic recovery.
The former Labor leader’s suggestion comes as a group of rebel Tory MPs failed on Monday to overturn the government’s decision to cut annual aid spending on foreign aid from 0.7% to 0 , 5% of gross national income, or about £ 4 billion.
In order to keep Boris Johnson’s promise to immunize the world, a total of 11 billion doses are needed. But “of the 2 billion doses already administered, 85% went to richer countries,” says Brown.
So far, only 1% of global doses have landed in sub-Saharan Africa. Meanwhile, in the UK, more than 60% of UK adults received a first dose of the vaccine, with those over 25 eligible for theirs from this week.
“Vaccinating the world is not just an act of charity: it’s in our personal interest,” said Brown, stressing that ensuring a healthy world population could increase production by up to $ 200 billion.
“It’s the best insurance policy in the world, and in human and economic terms the benefits far outweigh the costs,” Brown said. “Let’s see the G7 step up once again. “