CGD in the News

New York Times Morning Briefing: Vaccinate the World

June 11, 2021

From the article:

"Money is not the main issue. Each additional dose is likely to cost $5 to $7. (The Biden administration is paying roughly $7 per dose for the Pfizer shots it is donating.)

In all, a campaign to vaccinate the rest of the world — at a cost of $50 billion to $70 billion — would amount to less than 0.1 percent of global economic output this year. 'The costs of being in this pandemic are so enormous,; Rachel Silverman of the Center for Global Development told us. 'It will be history’s greatest bargain if for $50 to $70 billion we can vaccinate the world and get out of this crisis.'...

The next crucial step will be the production of vaccines. The world already appears to be on pace to manufacture enough doses by late next year, yet that would be too slow to prevent many deaths.

G7 nations can accelerate production by pushing for the removal of trade barriers that disrupt the flow of vaccine supplies (like glass vials), Prashant Yadav and Rebecca Weintraub argue in the Harvard Business Review. Political leaders can also make clear that they stand ready to help pharmaceutical companies solve any logistical problems. 'Some of this is calling up the C.E.O. every day and saying, ‘Hey, where are you on identifying new manufacturing sites? What do you need from us?’' Silverman said."