PANDEMIC PREPAREDNESS BEYOND COVID-19 (in partnership with the World Health Organization (WHO))
Building productive capacity for essential medicine and medical equipment in LMICs
This event occurs in Geneva Time (CET, GMT+2).
The current pandemic has highlighted the exposure of low and middle-income countries (LMICs) to global vaccine supply shortages, despite efforts by the industry to increase manufacturing capacity, including in large developing countries. This challenge extends well beyond COVID-19. Routine vaccination programmes need to be maintained in LMICs to avoid increased mortality, especially among children. Building productive capacity in developing countries for vaccines beyond COVID-19 could make an important contribution to equitable access and pandemic preparedness in LMICs. Increased global cooperation is essential to achieve this goal.
At a World Investment Forum satellite event on 3 March 2021, UNCTAD in partnership with WHO, launched a series of consultations with policymakers, investors, vaccine manufacturers and technology providers on how to coordinate and promote investment in LMIC-based vaccine productive capacity. The event involved major actors in the international COVID-19 response such as, inter alia, the Coalition for Epidemic Preparedness Innovations (CEPI), the International Finance Corporation (IFC), the Bill & Melinda Gates Foundation (BMGF), the African Development Bank (AfDB), and the Serum Institute of India. The purpose of this event is to report on these consultations, take stock of partnerships to date and discuss the way forward in intensifying partnerships for vaccine productive capacity.
Issues to be addressed:
- How can multilateral partnerships help mobilize impact investment in LMICs’ productive capacity?
- How can LMICs’ policy frameworks be improved to promote foreign and domestic investment in pharmaceutical production?
- Can and should the current consultations led by UNCTAD and WHO be transformed into a more formal partnership?
Event Manager: Mr. Ermias Biadgleng
Contact email: Ermias.Biadgleng@unctad.org