Jul 07, 2021
When G20 finance ministers meet in Venice on July 9-10, they should adopt a plan to immunize the world against COVID-19. Every vaccine-producing country will be in the room: the United States, the United Kingdom, the European Union, China, Russia, and India. Together, these countries produce enough doses to complete the immunization process for the entire globe by early 2022. Yet the world still lacks a plan to get it done.
The existing global effort to bring vaccine coverage to poor countries, known as the COVID-19 Vaccine Global Access (COVAX) facility, has fallen disastrously short of what is needed. Vaccine-producing countries have used their output to vaccinate their own populations-with many millions of doses to spare. And vaccine-producing companies have made secret deals with governments to sell vaccines bilaterally rather than through COVAX at a lower cost.
What we need now are plans to share vaccine doses among countries worldwide, rich and poor alike, supported by logistics and financing. None of this is out of reach if the G20's members finally start planning seriously.
The world is plagued by the selfishness of the vaccine-producing countries, the greed of the companies, and the collapse of basic cooperative governance between the world's major regions. We doubt that experts from the US government have ever met (even by Zoom) with their counterparts in China and Russia to plan a global vaccine campaign. The US has been more interested in shipping vaccines to Taiwan, presumably to embarrass the People's Republic of China, than to work with China to protect the entire world.
Scientists have been sounding the alarm that delay in global vaccine coverage could prove devastating for the entire world, as new variants arise that evade the existing vaccines. That ominous breakout is already underway. Israeli scientists have reported that the Pfizer-BioNTech vaccine is only 64% effective against the Delta variant, compared to 95% effective against the original virus (though four other studies found significantly higher efficacy).
The good news is that comprehensive global vaccine coverage is feasible. Global production levels are now high enough to reach comprehensive coverage for the adult population in every country within a few months. What we need now are plans to share vaccine doses among countries worldwide, rich and poor alike, supported by logistics and financing. None of this is out of reach if the G20's members finally start planning seriously.
Shockingly, there are no systematic, comprehensive, and up-to-date official figures on expected monthly vaccine production according to producing company and country. We have based our estimates of likely vaccine production in the coming months on the actual doses delivered and each company's announcements, mainly in statements to investors for press releases. From this projection, we have devised a preliminary timeline to achieve a high level of global vaccine coverage. The failure of COVAX, the World Health Organization, the G20, and the vaccine-producing countries to do the same amounts to a dramatic breakdown of global cooperation.
Our estimate is the following. Monthly production by all companies producing COVID-19 vaccines that have received emergency use listing by the WHO and national regulatory authorities, and that are being widely administered between July and December 2021, will average around one billion doses.
The world's population is 7.8 billion, and 5.8 billion are 15 or older. If we define comprehensive immunization as 80% coverage of the adult (15 and older) population in each country, the world should be aiming to immunize 4.6 billion individuals.As of June 30, about 850 million people have been fully immunized, and about 950 million more have received the first dose of the vaccine. To achieve 80% adult vaccination coverage globally, around six billion additional doses will be required.
We have made a preliminary spreadsheet model showing that with about one billion vaccine doses delivered each month and approximately six billion doses required, we can achieve comprehensive vaccine coverage in about six months-by early 2022. The precise numbers depend on the specific combination of vaccines. But that will happen only if there is a global plan that includes a timetable to allocate the doses across all countries, a logistical plan to transport the vaccines, an implementation plan within every country, and a financing plan.
The situation is especially urgent in Africa, where only about 16 million people, or just 2% of the adult population, were fully immunized as of June 30. This is incredibly low, especially compared with full vaccination rates of 17% of the worldwide adult population outside of Africa, and far higher rates in the vaccine-producing countries: 57% of the adult population in the US, 59% in the UK, 40% in the EU, 15% in Russia, and 6% in India as of June 30, and 19% in China as of June 10.
There are enormous global risks. The Delta variant is now surging through Africa, auguring a monumental catastrophe unless immunization coverage is dramatically accelerated. The Africa Task Force of the Lancet COVID-19 Commission has issued an urgent appeal for 300 million vaccine doses for Africa.
Moreover, new variants with a greater ability to evade the existing vaccines may soon emerge. And the global anti-vax movement and disinformation campaigns have spurred vaccine hesitancy, which means that even when doses are available, uptake falls well below comprehensive adult coverage.
In short, we are still profoundly unsafe-everywhere. The four million confirmed COVID-19 deaths to date (excess death figures indicate that actual deaths are probably many times higher) are the tragic result of the world's failure to respond to COVID-19 with clarity, cooperation, and compassion. The G7 pledge last month to donate 870 million doses, enough to immunize around 435 million people fully, remains far short of a global plan.
It is imperative that the G20 come together and act to provide the needed vaccines. The world's health depends on what happens in Venice this week.
© 2023 Project Syndicate
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