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Explanation:
More than 8.5 billion vaccine doses have been administered worldwide. Yet, only around 7.3 per cent of people in low-income countries had received at least one dose by mid-December 2021. While we need even more vaccines to meet demand, there are enough doses available among well-supplied countries to reach the world’s most vulnerable people right now.
The longer the virus continues to spread, the higher the risk of more deadly or contagious variants emerging – placing everyone at risk. Omicron is an unfortunate reminder of this. While well-supplied countries are vaccinating their entire adult populations against COVID-19, others with very poor vaccination coverage have witnessed dangerous surges in infection rates and the emergence of new variants.
Millions of children in poorer countries are at the risk of developing preventable diseases due to the pandemic disrupting routine immunization services. Donating doses now could help resume life-saving services in these countries.
The donation of COVID-19 vaccines from well supplied countries is one of the only ways to increase the number of doses available to COVAX right now. It’s a practical solution to ensure that as many people as possible can access vaccines in every corner of the world as fast as possible in the months ahead.
Well-supplied countries can donate while still meeting commitments to their own populations.
The number of people living in poverty around the world is estimated to have increased by half a billion people due to the COVID-19 crisis. The African continent has suffered at least US$100 billion in economic costs in 2020, measured by the reduction in trade revenues and financial flows due to the pandemic.
Many studies have been undertaken to evaluate the effects of the pandemic in Africa. But there’s little evidence of what difference tax-and-benefit systems made to poverty before or during the crisis. Two areas of government policy form the tax and benefit system. First, governments support people through various social benefits such as cash transfers. At the same time they tax households.
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Our new study closes the gap in assessing the impact of COVID-19.
We estimated the impact of the crisis on earnings and showed how earnings losses, together with tax-benefit policies, affected households’ disposable income, and thereby poverty and inequality in each country.
We also looked at the effect of measures taken by governments in response to the crisis, such as emergency income support and tax waivers. The impact of pausing existing social protection schemes as a consequence of lockdowns and social distancing policies also came into our analysis.