Friday, 18 February 2022 02:51

WHO calls on financial institutions for greater commitment to pandemic management

Written by Evelyn Alas

The Director General of the World Health Organization (WHO), Tedros Adhanom, warned that "the pandemic is not over and neither are its economic consequences", and urged a greater contribution from the world's main economies.

Tedros spoke via videoconference at a panel organized on the sidelines of the meeting of finance ministers and central bank governors of the Group of Twenty (G20) countries.

The WHO director welcomed the fact that the G20 Finance meeting included a discussion on the health crisis because of the pandemic and said that it requires the commitment of all sectors, especially the financial sector.

He also made a direct appeal to the finance ministers of the world's major economies to fill the existing gap and end the pandemic", he urged, calling on them to donate US$16 billion this year.

The WHO director said the world is facing a dilemma and significant investments are needed at a time when many countries are feeling the bite of the pandemic.

Tedros also specified a few days ago that the sum of money would be earmarked for the ACT Accelerator, the program through which WHO and other agencies fund the distribution of vaccines, treatments, tests and other tools against covid-19.

For example, in El Salvador, institutions such as Banco de Desarrollo de El Salvador (BANDESAL), Banco Hipotecario (BH) and Banco Cuscatlán have created lines of credit focused on supporting companies affected by Covid-19.