COVID – ACT-Accelerator

COVID – ACT-Accelerator

ACT-Accelerator welcomes Germany’s generous ‘fair share’ commitment
1 March 2022
Statement
Germany has become the first country to pledge to meet its ‘fair share’ of the ACT-Accelerator’s 2021/22 budget, with a generous contribution of US$ 1.22 billion towards the partnership’s vital work on access to COVID-19 treatments, tests, vaccines, and personal protective equipment.

Last month, President Ramaphosa of South Africa and Prime Minister Støre of Norway – in their roles as co-chairs of the ACT-Accelerator Facilitation Council – made a call to 55 countries to jointly support global efforts to end the COVID-19 crisis and contribute their ‘fair share’ to the ACT-Accelerator agencies’ US$ 16.8 billion urgent needs and end the COVID-19 crisis.

‘Fair shares’ are calculated based on the size of a country’s national economy and what they would gain from a faster recovery of the global economy and trade.

The pledge – announced by Finance Minister Christian Lindner at the G7 Finance Ministers’ Meeting today – takes Germany to its ‘fair share’ ask for this budget cycle and is accompanied by an additional US$ 253 million for supplementary measures for the in-country COVID-19 response, complementary to the ACT-A mission…Germany also exceeded its fair share for the 2020/21 budget cycle with US$ 2.5 billion provided across all of the ACT-Accelerator’s areas of work, a vital contribution to saving lives, protecting health systems and reducing the evolution of dangerous new variants…