Covid-19 has set global health progress back 25 years, says Bill Gates
of Covid-19, extreme
poverty has increased by 7 per cent, and routine vaccine coverage - a good proxy measure for how health systems are functioning - is dropping to levels last seen in the 1990s, the report said.
a huge setback," Mr Bill Gates, co-chairman of the foundation and a
leading philanthropic funder of global health and development, told a media
briefing on the report's findings.
The Foundation's Goalkeepers report, which tracks progress on the United
Nations Sustainable Development Goals of reducing poverty and improving health,
found that in the past year, by nearly every indicator, the world has
dropping rates of routine immunisation, which the report described as
"setting the world back about 25 years in 25 weeks", rising levels of
poverty and economic damage from the pandemic are reinforcing inequalities, it
found that the pandemic has had a disproportionate impact on women, racial and
ethnic minority communities and people living in extreme poverty.
20 consecutive years of declines in extreme poverty, we've now seen a
reversal," said Mr Mark Suzman, chief executive of the Gates Foundation,
in an interview with Reuters. "We've had nearly 40 million people thrown
back into extreme poverty. That's well over a million a week since the virus
report cited International Monetary Fund projections that, despite the US$18
trillion (S$25 trillion) already spent on trying to stimulate economies around
the world, the global economy will lose US$12 trillion or more by the end of
next year - the biggest global gross domestic product loss since the end of
World War II.
the scene is bleak right now, Mr Gates said he was confident the world would
emerge from the pandemic and resume progress towards the goals on improving