The essence of an advance market commitment is that sponsors would guarantee that, if a suitable vaccine is developed, they will pay for it to be bought and used in developing countries.
CGD Policy Blogs
The Aeras Global TB Vaccine Foundation and the David Geffen School of Medicine at UCLA today announced they have begun the first clinical trial of a live recombinant tuberculosis vaccine in the U.S.
An editorial in this week's Economist magazine says:
"Britain's promise to buy vaccines against HIV/AIDS and malaria for distribution in poor countries, which it hopes will provide the financial carrot necessary to get drug firms to develop them, is a potentially excellent use of an aid budget."
The Global Fund to Fight AIDS, Tuberculosis, and Malaria (GFATM) was established very quickly in 2001 in response to a widespread perception that a rapid scale-up in financing was critical in the fight against the three diseases. Since it began operations in January 2002, GFATM has made important progress. It has raised substantial funding and become the world’s largest donor for TB and malaria. 70% of the programs reaching the two-year renewal stage are showing solid results. Rwanda, for example, has put over 4,000 people on ARV treatment, more than double its program target, and GFATM programs in aggregate have financed ARV treatment for 130,000 people to date.
Immunization is one of the safest ways to reduce disease and poverty in developing countries. But 3 million people die every year of vaccine-preventable diseases; and that will likely rise to 4.5 million when rotavirus and pneumococcus vaccines are available, if past experience is any guide. And progress towards vaccines suitable for HIV, malaria and tuberculosis is painfully slow.
Political stability and sound domestic economic policies are the main ingredients in making development possible, according to William R. Cline, joint fellow of the Center for Global Development and the Institute for International Economics. In a presentation to the Society for International Development on December 12, 2004 Cline suggested three areas the U.S. should focus on in order to increase global development and reduce poverty.
Why did a U.N. official’s remark soon after the tsunami hit that rich countries are “stingy” stir such a furor in the U.S.? We are a thick-skinned people, inventors of “Crossfire” and the NFL, led by a president who takes pride in disregarding foreign opinion. Yet even though Jan Egeland, the U.N. point person for disaster relief, did not single out the U.S., his words hit a raw nerve.
Even as the tragedy in Asia elicits an outpouring of charity from Americans, it has sparked controversy over whether America is in fact generous. President Bush, Secretary of State Colin Powell, and U.S. Agency for International Development (USAID) chief Andrew Natsios have all asserted that America is generous. What are the facts?
In this chapter from Markus Haacker's book on the macroeconomic implications of HIV/AIDS, Nancy Birdsall and Amar Hamoudi discuss the effect AIDS has on the supply of and demand for education in Africa.