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Home Economy Socio Economic

WHO’s strategic plan to fight pandemic in 2021 to cost $1.96 billion

Johnson Uche by Johnson Uche
February 19, 2021
in Socio Economic, Spotlight
No need for alarm over reported new Covid-19 variant – WHO
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The World Health Organization (WHO) has formally launched its “Strategic Preparedness and Response Plan 2021” for the COVID-19 pandemic and would cost $1.96 billion from its member states.

This disclosure was made by WHO Director-General Tedros Adhanom Ghebreyesus, who stated that the plan has six objectives; suppress transmission, reduce exposure, counter misinformation and disinformation, protect the vulnerable, reduce the number of deaths and illnesses, and accelerate equitable access to new tools, including vaccines, diagnostics and therapeutics.

READ: Only 10 countries have administered 75% of all vaccinations – UN Secretary-General

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According to Ghebreyesus, “Of the amount sought, some $1.2 billion would go to the WHO component of the ACT Accelerator, a global collaboration led by the WHO to accelerate the development, production and equitable deployment of COVID-19 diagnostics, therapeutics and vaccines.

“The plan has been designed to complement and work in coordination with other funding mechanisms, not to supplant or duplicate them.

“It reflects the cost of the WHO’s pandemic response work this year and recognizes the need to fully integrate the COVID-19 response into planning for health and development programs. It will also cover the WHO’s pandemic response work in humanitarian settings”.

READ: COVID-19: FG to acquire vaccines that need less cooling

What you should know

  • In 2020, WHO launched its first strategic plan for COVID-19 by asking for $1.7 billion and eventually raising $1.58 billion.
  • It is worthy to note that more than 90% of $1.58 billion was allocated to countries and regions in vital funding, especially to those working on the frontline of the pandemic as well as supporting the WHO’s core scientific and technical work.

Follow us for Breaking News and Market Intelligence.
Tags: Tedros Adhanom GhebreyesusWHOWorld Health Organization
Johnson Uche

Johnson Uche

Johnson is a risk management professional and banker with unbridled passion for research and writing. He graduated top of the class with B.sc Statistics from the University of Nigeria and an MBA degree with specialization in Finance from Ambrose Alli University Ekpoma, with fellowships from the Association of Enterprise Risk management Professionals(FERP) and Institute of Credit and Collections management of Nigeria (FICCM). He is currently pursuing his PhD in Risk management in one of the top-rated universities in the UK.

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