The Reporter Magazine
Tuesday, March 28, 2023
No Result
View All Result
  • Perspective
  • Op-ed
  • Commentary
  • The Brief
  • Business & Economy
  • Politics & Governance
  • Social
  • Sports
  • Science & Tech
  • Arts & Culture
  • Other
    • The View
    • Digits
    • From the Editor
The Reporter Magazine
No Result
View All Result

A pandemic strategy as global as COVID-19

Erik Berglöf by Erik Berglöf
April 26, 2020
in Op-ed
0
SHARES
59
VIEWS
Share on FacebookShare on Twitter

The COVID-19 coronavirus is disrupting practically every aspect of life all over the world. Naturally, governments are working to protect their own populations first, including by closing their borders and imposing quarantines and lockdowns. But, in doing so, they are often failing to see the bigger picture. That critical error of judgment, if not corrected, will come back to haunt us all.

The suffering COVID-19 leaves in its wake – from death, damaged immune systems, and weakened economies – will be most serious for those are least capable of defending themselves, in our local communities and globally. Yet this wave of infections is likely to be just the first. As COVID-19 reaches countries with fragile institutions and weak health systems, huge numbers of people could die in the short term, including many of the millions of vulnerable people living in unruly and under-resourced refugee camps. Moreover, the virus could become endemic.

According to the Wellcome Trust’s Jeremy Farrar, Wuhan, China – where the virus first emerged, but deaths and new infections are now tapering off – is in week 18-20 of a 20-22-week epidemic. Northern Italy might now be in week 11-13, and the United Kingdom is in week 8-9. The vulnerable countries of Africa and Central and South America, however, are in week 1-5 – the very beginning of their epidemic cycle.

Containing a pandemic requires strengthening the weakest links – in an individual hospital, a local community, a country, or the world. That is why it is in everyone’s interest urgently to shore up weak health-care systems, which must be able to handle not only the imminent flood of cases, but also be prepared for future waves of COVID-19 and similar viruses.

Such efforts must be fast and large-scale, designed for the worst-case scenario. Leaders must use research-based evidence and cope with steep learning curves. There is no room for empty slogans and sloppy intuition. The costs of an ambitious response are puny compared to those incurred as a result of hesitation or errors.

The G20 should take the lead in galvanizing action, as it did after the 2008 global financial crisis. At its 2009 summit in London, the G20 coalesced around a joint action plan that engaged key stakeholders and ensured that the global system continued to operate. A similar approach is needed today.

For starters, a global strategy must support the effort to develop and distribute a vaccine. The COVID-19 pandemic has already brought about the fastest exchange of scientific knowledge in human history, with scientific journals removing relevant paywalls.

There is no guarantee that a vaccine will be found – we have yet to develop one for the common cold, which can be caused by another coronavirus. But if one is developed, it must be mass-produced and delivered to the entire world. Unilateral efforts like those of US President Donald Trump’s administration – which reportedly attempted to purchase exclusive rights to any vaccine developed by a German pharmaceutical company – must be resisted.

RELATED POSTS

The African Union Covid-19 Response Fund: a new social contract - The Reporter Magazine | Ethiopian Magazine

The African Union Covid-19 Response Fund: a new social contract

July 10, 2020
Police chief killed, 29 injured

Understanding Egyptian foreign policy and implications for Ethiopia

May 1, 2020

Renovating a supranational IGAD

April 18, 2020

ReckyaMadougou: a minister standing a self-made woman of Influence

April 26, 2020

Egypt’s AU Chairmanship: a plain Sloganeering

April 6, 2020

Ethiopian firm in Kigali spearheads mutual business ties

April 6, 2020

An effective global strategy must also include health education. As World Health Organization (WHO) Director-General Tedros Adhanom put it at last month’s Munich Security Conference, “We’re not just fighting an epidemic; we’re fighting an infodemic” – one that can be as damaging as the virus itself, particularly in countries with weaker institutions. The current focus on health provides a rare opportunity to invest in such education.

To succeed, G20 governments will need to listen to and work with international organizations – beginning with the WHO. The WHO has withstood heavy criticism lately, as it has during past epidemics, but much of this faultfinding is misdirected, ill-informed, and counterproductive. The WHO remains the only institution that can provide global health leadership and inspire the trust needed to intervene. We undermine it at our own risk.

On the economic front, the International Monetary Fund – which provided much-needed cash during the 2014-16 West African Ebola epidemic – has already pledged to make available about USD 50 billion through its rapid-disbursement emergency financing facilities. The World Bank, which has a long record of supporting health care, has announced an initial package of up to USD 12 billion in immediate support to affected countries.

Lastly, the private and philanthropic sectors must join the fight. Already, the Wellcome Trust, together with the Mastercard Foundation and the Bill and Melinda Gates Foundation, have announced the COVID-19 Therapeutics Accelerator – a USD 125 million initiative to identify potential treatments for the virus, hasten their development, and prepare for the manufacture of millions of doses for use worldwide. Public-private partnerships – such as the Coalition for Epidemic Preparedness Innovations and Gavi, the Vaccine Alliance, which support the development and administration of vaccines, respectively – should also be activated.

But a large funding gap remains. The Global Preparedness Monitoring Board has requested at least USD eight billion in immediate new funding, including USD one billion to strengthen the WHO’s emergency and preparedness response, USD 250 million for surveillance and control measures, USD two billion for vaccine development, USD one billion for distributed manufacturing and delivery of vaccines, and USD 1.5 billion for therapeutic drugs to treat COVID-19.

G20 finance ministers must provide the necessary resources before the next scheduled meeting in April. The required investment is minute compared to the social and economic costs of inaction. And an effective joint response could lay the groundwork for a new, more nimble multilateralism that is far better equipped to handle future global challenges, from climate change to the next pandemic.

Future historians will judge our effectiveness in addressing the COVID-19 pandemic. Unless world leaders work together, they will not judge us kindly.

Ed.’s Note: Erik Berglöf, a former chief economist at the European Bank for Reconstruction and Development, is Director of the Institute of Global Affairs at the London School of Economics and Political Science. The article is provided to The Reporter by Project Syndicate: the world’s pre-eminent source of original op-ed commentaries. Project Syndicate provides incisive perspectives in our changing world by those who are shaping its politics, economics, science and culture. The views expressed in this article do not necessarily reflect the views of The Reporter.

Source: The Reporter Ethiopia
ADVERTISEMENT

Related Posts

The African Union Covid-19 Response Fund: a new social contract - The Reporter Magazine | Ethiopian Magazine
Op-ed

The African Union Covid-19 Response Fund: a new social contract

by Ebba Kalondo and Carl Manlan
July 10, 2020
0

The African Union recently rolled out the Partnership to Accelerate Covid-19 Testing (PACT)) building on the lessons from past outbreaks and epidemics. In early 2014,...

Read more
Police chief killed, 29 injured

Understanding Egyptian foreign policy and implications for Ethiopia

May 1, 2020
Police chief killed, 29 injured

Renovating a supranational IGAD

April 18, 2020
Police chief killed, 29 injured

ReckyaMadougou: a minister standing a self-made woman of Influence

April 26, 2020
Police chief killed, 29 injured

Egypt’s AU Chairmanship: a plain Sloganeering

April 6, 2020
Police chief killed, 29 injured

Ethiopian firm in Kigali spearheads mutual business ties

April 6, 2020
Police chief killed, 29 injured

Nile diplomacy: what is expected from the Ethiopian MPs?

April 26, 2020

RECOMMENDED

Ethiopia hell-bent on using the Nile - Ethiopian Magazine | Ethiopian News

Ethiopia hell-bent on using the Nile

May 1, 2020
Art in times political transitions

Digitalizing health care with medical apps

April 8, 2020
Race for space commercialization - Ethiopian Magazine | Ethiopian News

Race for space commercialization

May 1, 2020
Japanese economist advises Ethiopia to adopt quality production systems

Japanese economist advises Ethiopia to adopt quality production systems

March 31, 2020
Sir Richard John Roberts

Science Nobel Laureate Explains GMO

June 15, 2020

Follow us on Facebook

MOST VIEWED

  • Last call

    Last call

    0 shares
    Share 0 Tweet 0
  • Reality beyond the GERD rhetoric

    104 shares
    Share 104 Tweet 0
  • The abyss of graduate unemployment

    13 shares
    Share 13 Tweet 0
  • Ethiopia hell-bent on using the Nile

    4 shares
    Share 4 Tweet 0
  • Capturing award-winning emotions

    14 shares
    Share 14 Tweet 0
ADVERTISEMENT
The Reporter Magazine

The Reporter Magazine
Media & Communications Center
Addis Ababa, Ethiopia
(+251) 116 61 61 85
[email protected]

CATEGORY

  • Arts & Culture
  • Business & Economy
  • Commentary
  • Digits
  • From the Editor
  • Op-ed
  • Perspective
  • Politics & governance
  • Science & Tech
  • Social
  • Sports
  • The Brief
  • The View
  • Uncategorized

Tags

Addis Ababa Africa coronavirus Covid-19 election 2020 EPRDF Ethiopia GERD Global Economy GMO IGAD lockdown Nile Oscar politics unemployment

NEWSLETTER

Get daily updates to all news reports, local and national coverage.
  • ሪፖርተር Ethiopian Reporter
  • The Reporter Ethiopia English
  • Reporter Tenders
  • Reporter Jobs
  • ሪፖርተር መጽሔት

Copyright © 2020 Media & Communications Center. All Rights Reserved | Privacy Policy

No Result
View All Result
  • Homepage
  • Perspective
  • Op-ed
  • Commentary
  • The Brief
  • Business & Economy
  • Politics & governance
  • Social
  • Sports
  • Science & Tech
  • Arts & Culture
  • The View
  • Digits
  • From the Editor

Copyright © 2020 Media & Communications Center. All Rights Reserved | Privacy Policy

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In