Why a coordinated global response, alongside urgent investment is needed to end the COVID-19 pandemic

The document calls for G7 and G20 leaders to move beyond rhetoric to provide targeted funding for COVID-19 treatments and vaccines. It highlights specific funding gaps, noting that $8 billion is needed for treatment research and supply, and $3 billion is required for CEPI to develop and fairly allocate vaccines within 12-18 months. It also mentions the Therapeutics Accelerator's goal to produce 100 million treatment courses by the end of 2020 at a cost of $2.25 billion, warning that the pandemic could cost the global economy at least $1 trillion in lost output.

• Short-term funding of at least $8 billion is required to support public health measures in countries with the weakest health systems and to fund the research, development, and supply of COVID-19 treatments.
• The Coalition for Epidemic Preparedness and Innovations (CEPI) requires at least $3 billion to develop vaccines and make hundreds of millions of doses available via a globally fair allocation system within 12 to 18 months.
• The COVID-19 Therapeutics Accelerator seeks to produce 100 million courses of treatment by the end of 2020, specifically targeting low- and middle-income countries, with an estimated cost of $2.25 billion.
• The economic impact of COVID-19 is estimated to be at least $1 trillion in lost output, representing 1.3% of global GDP.
• While the International Monetary Fund and World Bank have committed $50 billion and $12 billion respectively to address economic and fiscal impacts, these sums do not cover the specific needs for tackling the virus and protecting global health.

APA

World Economic Forum (2020). Why a coordinated global response, alongside urgent investment is needed to end the COVID-19 pandemic. https://www.weforum.org/stories/global-risks/urgent-investment-needed-for-diagnostics-treatments-and-vaccines-to/

Chicago

World Economic Forum. Why a coordinated global response, alongside urgent investment is needed to end the COVID-19 pandemic. 2020. https://www.weforum.org/stories/global-risks/urgent-investment-needed-for-diagnostics-treatments-and-vaccines-to/.

Wikipedia

{{cite press release |author=World Economic Forum |title=Why a coordinated global response, alongside urgent investment is needed to end the COVID-19 pandemic |date=19 March 2020 |url=https://www.weforum.org/stories/global-risks/urgent-investment-needed-for-diagnostics-treatments-and-vaccines-to/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{worldeconomicforum2020why, author = {{World Economic Forum}}, title = {{Why a coordinated global response, alongside urgent investment is needed to end the COVID-19 pandemic}}, publisher = {World Economic Forum}, year = {2020}, month = mar, url = {https://www.weforum.org/stories/global-risks/urgent-investment-needed-for-diagnostics-treatments-and-vaccines-to/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }