From enough vaccines to inoculate 70% of the world by the end of the year to the USD $3.8 trillion provided by banks to fossil fuel companies since the Paris Agreement 

A new report from Duke University Global Health Innovation Centre says enough Covid-19 vaccines are forecast to be produced in 2021 to inoculate 70% of the populations of every country, but noted much of that supply is already reserved for wealthy countries and the actual amount of vaccines produced this year will likely be less as manufacturers encounter unforeseen delays.

Related: US must step up on global COVID-19 vaccination efforts, experts say

 

COVAX has warned countries to expect delays in the delivery of Covid-19 vaccines as it deals with technical problems at a South Korean manufacturing plant and setbacks in securing export licences from the Indian government which could affect up to 90 million doses of the Oxford/AstraZeneca vaccine.

Related: Broad manufacturing of COVID-19 vaccines in Africa a ‘very tall order’

 

Finance ministers from the G7 have agreed to a new ‘sizeable’ issuance of International Monetary Fund (IMF) Special Drawing Rights (SDR) to provide funding to low-income countries to help them manage the financial impact of the COVID-19 pandemic.

Related: IMF Executive Directors Discuss a New SDR Allocation of US$650 billion to Boost Reserves, Help Global Recovery from COVID-19

 

A new report published by a coalition of NGOs says the world’s 60 largest banks have provided $3.8 trillion in financing to fossil fuel companies since the Paris climate deal in 2015.

Related: One of Earth’s giant carbon sinks may have been overestimated – study

 

A new report from the UN Food and Agriculture Organization (FAO) and the Fund for the Development of Indigenous Peoples of Latin America and the Caribbean (Filac), shows the indigenous peoples of Latin America are by far the best guardians of the regions’ forests with deforestation rates up to 50% lower in their territories than elsewhere.

Related: IDB launches first climate facility to support the Amazon

 

A new report published by the Food and Agriculture Organization (FAO) and World Food Programme (WFP) warns an estimated 34 million people are struggling with emergency levels of acute hunger known as IPC (Integrated food security Phase Classification) 4, putting them ‘one step away from starvation’.

 

A new UN report warns the ‘failure of governments around the world to place a clear value on water is leading to widespread water waste, shortages and high prices for poor and vulnerable people’.

Related: World Water Day: How the WASH landscape has changed in the COVID era

 

Devex takes a look at what Samantha Power’s confirmation hearing to lead USAID says about how Power would shape the agency.

Related: What would Samantha Power’s NSC role mean for USAID?

 

EU member states, along with the European Parliament’s foreign affairs and development committees, have agreed to back a text to orchestrate most of its foreign spending via one instrument, the ‘Neighbourhood, Development and International Cooperation Instrument — Global Europe’, worth €79.5 billion for 2021-2027.

Related: First look at EU heavyweights’ peace priorities

 

Devex provides an in-depth look at how global funding for health security has evolved in the past decades, and how the COVID-19 pandemic has fundamentally changed the health security funding landscape.

Related: The 2 contracts that won the most tuberculosis funding in 2020

 

Members of Boris Johnson’s Convervative Party who oppose Johnson’s plans to cut the UK’s aid budget have received legal advice that the government will be in clear breach of the law and exposed to a judicial review if the government attempts to make the cuts without amending the 2015 International Development Act, a move that would require the government to put the cut to a parliamentary vote.

Related: NGOs say FCDO gagging them on aid cuts

 

Scientists and researchers from across the UK, including several current and former members of the UK’s Scientific Advisory Group for Emergencies (SAGE) have warned the British government the ‘drastic cut to overseas aid’ it is planning will ‘damage the world’s ability to fight the next global health disaster and keep Britain safe’.