# G20 want 70% of world vaccinated by mid-2022, sets up task force for pandemic fight Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-10-29 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: G20 commits to vaccinate 70% of world's population Meta Description: G20 ministers establish task force to fight future pandemics, pledge to boost supply of vaccines and essential medical products in developing countries. URL: https://financedigest.com/g20-want-70-of-world-vaccinated-by-mid-2022-sets-up-task-force-for-pandemic-fighthtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2021-10-29t124202z1lynxmpeh9s0qrrtroptp4health-coronavirus-vaccines-distribution-1736837499223-compressed.jpg) By Jan Strupczewski and Andrea Shalal ROME (Reuters) -Finance and health ministers from the world’s 20 biggest economies (G20) said on Friday they would take steps to ensure 70% of the world’s population is vaccinated against COVID-19 by mid-2022 and created a task force to fight future pandemics. They could not reach agreement on a separate financing facility proposed by the United States and Indonesia, but said the task force would explore options for mobilising funds to boost pandemic preparedness, prevention and response. To help [advance toward](https://www.financedigest.com/the-biopesticides-market-to-move-towards-constructive-advancements.html "The Biopesticides Market To Move Towards Constructive Advancements") the global goals of vaccinating at least 40 percent of the population in all countries by the end of 2021 and 70 percent by mid-2022 … we will take steps to help boost the supply of [vaccines](https://www.financedigest.com/gsk-expects-us-launch-of-rsv-vaccine-with-no-supply-issues.html "GSK expects US launch of RSV vaccine with no supply issues") and essential medical products and inputs in developing countries and remove relevant supply and financing constraints,” the G20 ministers said in a communique seen by Reuters. The previous goal had eyed vaccinating 70% of the [world’s population by the autumn](https://www.financedigest.com/autumn-statement-reaction-from-jean-liggett-managing-director-of-visionary-property-investment-consultancy-properties-of-the-world.html "Autumn Statement reaction from Jean Liggett, Managing Director of visionary property investment consultancy, Properties of the World") of 2022. We establish a G20 Joint [Finance-Health Task Force aimed at enhancing dialogue and global cooperation on issues relating to pandemic prevention, preparedness and response, promoting the exchange of experiences and best practices, developing coordination arrangements between Finance and Health Ministries, promoting collective action, assessing and addressing health emergencies with cross-border impact](https://www.financedigest.com/the-impact-of-debt-on-your-health-and-what-you-can-do-about-it.html "The Impact of Debt On Your Health, And What You Can Do About It") and encouraging effective stewardship of resources,” the statement said. The ministers said they were setting up the new body because the [COVID-19 pandemic](https://www.financedigest.com/pandemic-restrictions-that-hampered-the-circulation-of-viruses-other-than-covid-19.html "Pandemic restrictions that hampered the circulation of viruses other than COVID-19") had exposed “significant shortcomings” in the world’s ability to coordinate its response. They pledged to [support “all collaborative efforts” to provide access](https://www.financedigest.com/51-of-brits-support-teresa-may-and-would-grant-access-to-their-personal-communication-and-internet-browsing-history-as-part-of-the-snoopers-charter.html "51%* of Brits support Teresa May and would grant access to their personal communication and internet browsing history as part of the Snooper’s Charter ") to safe, affordable, quality and effective vaccines, therapeutics, diagnostics, and personal protective equipment, particularly in low- and middle-income countries. To [reach the vaccination goals](https://www.financedigest.com/renault-to-reach-its-goal-on-integrated-electric-vehicles-chain-before-2030-ceo.html "Renault to reach its goal on integrated electric vehicles chain before 2030 -CEO"), they said they would work to boost the supply of vaccines and essential medical products and inputs in developing countries, while removing constraints on supply and financing, but gave no specific details. They also called for boosting the resilience of supply chains through voluntary technology transfer [hubs in various regions, such as the newly established mRNA Hubs in South](https://www.financedigest.com/setsquared-helps-turn-basingstoke-into-the-souths-next-tech-and-innovation-hub.html "SETsquared helps turn Basingstoke into the South’s next tech and innovation hub") Africa, Brazil and Argentina, and through joint production and processing arrangements. The call for a voluntary mRNA technology transfer means that talks on the idea of a temporary waiver of intellectual property rights on COVID-19 vaccines and therapies – originally proposed by South Africa and India and now championed by the United States – remain stuck at the [World Trade](https://www.financedigest.com/at-chinas-largest-trade-fair-exporters-worry-about-world-economy.html "At China’s largest trade fair, exporters worry about world economy") Organisation. (Reporting by Andrea Shalal and Jan Strupczewski; Editing by Nick Macfie) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---