Study shows vaccine nationalism could cost rich countries US$4.5 trillion
• Comprehensive economic modelling shows advanced economies stand to lose USD trillions through vaccine nationalism – more than previously thought
• Economic benefits of funding multilateral efforts to ensure equitable access to vaccines dwarf the costs
• Advanced economies with international linkages have the most to gain from global collaboration on vaccine access and distribution
Dr Tedros Adhanom Ghebreyesus, Director-General WHO:
“I believe the world faces a catastrophic moral failure in equal access to the tools to combat the pandemic. This research shows a potentially catastrophic economic failure. The progress made by the ACT Accelerator shows solidarity in beating this virus.
The longer we wait to provide vaccines, tests, and treatments to all countries, the faster the virus will take hold, the potential for more variants will emerge, the greater the chance today’s vaccines could become ineffective, and the harder it will be for all countries to recover.
Truly, no-one is safe until everyone is safe.”
Read the full ICC press release in English, French and German. The full study is availbale here.