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Development Centre

Ministers from 55 countries stress urgency of bridging the vaccine divide and strengthening financing capacities in developing economies

 

6 December 2021 - Almost two years since the COVID 19 pandemic was declared, prospects for developing countries remain highly uncertain. Low vaccination rates and limited fiscal resources, amid the emergence of new variants and growing indebtedness, are hampering the efforts of policy makers to spur an economic recovery.

Ministers and high-level representatives from 55 developed and developing countries called for greater international support for developing countries on the occasion of the Seventh High-level Meeting of the OECD Development Centre, under the heading “Accelerating a just recovery for all” today. A New Deal for Development, based on solidarity and shared responsibility, could improve access to vaccines and mobilise international and domestic resources at a much larger scale. It would also ensure the crisis becomes an opportunity to reorient development models towards greater resilience, inclusion, equity and environmental sustainability.

OECD Secretary General Mathias Cormann welcomed officials from the OECD Development Centre’s 55 member countries, international organisations and civil society representatives. The meeting was co-chaired by Costa Rica and Togo. “We often hear that ‘we are all in it together’ but we are not really together in dealing with the pandemic. As of today, only 7.3% of the African population is fully-vaccinated and the cost of accessing muc