September 8, 2023

Global North’s Pandemic Selfishness: Seeds of the Global South’s Burning Resentment

Mark Suzman, CEO of Gates Foundation, admits that the distrust in the Global South has been brought about by Vaccine policies of the Global North (see article).

In June, at the Summit for a New Global Financing Pact in Paris, South African President Cyril Ramaphosa highlighted the deep resentment felt by many in the Global South over the inequitable distribution of COVID-19 vaccines. This sentiment, shared by leaders like Strive Masiyiwa, reflects a broader issue of trust and cooperation between the Global North and South. During the pandemic, wealthy countries initially pledged support through initiatives like COVAX, but they fell short in delivering on their promises. Delayed vaccine delivery not only left millions without protection but also allowed misinformation to thrive.

Moreover, the financial support provided to low-income countries was inadequate, leaving them with crippling debt burdens. This disparity extended to the climate crisis, with developed nations failing to meet their funding commitments for climate mitigation and adaptation. The breach of trust in both the pandemic and climate responses has exacerbated the divide between North and South.

To bridge this gap, rich nations must fulfill their pledges promptly and provide assistance in a manner that reflects true partnership. They must also consider innovative financing models like the African Development Bank’s hybrid capital model, which could set a precedent for addressing economic challenges and sustainability projects. By fostering collaboration and respecting the expertise of lower-income countries, the Global North can repair trust and ensure a more equitable and secure world for everyone.