World Economic Forum and the World Health Organization have collectively announced to launch a global emergency task force that will respond to the massive novel coronavirus outbreak. Declared a pandemic by WHO, the coronavirus has created havoc in the world impacting health and social lives in almost all the countries.
WHO and WEF Create Taskforce to Handle outbreak?
There is a travel ban imposed on most destinations, the stores are running out of regular essentials supplies, and the governments are bracing up to combat the health crisis that seems to worsen each day.
Virus Outbreak can cripple economies
The novel coronavirus that began in Wuhan China in November last year seems unstoppable and is now grabbing the whole world and impacting economic stability as well as the health of citizens. There is a need to create a collaborative platform where the leading corporates can aid the government and relief agencies to develop strategic plans.
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Covid Action Platform comprises around 200 Corporates
The task force named as COVID Action Platform for Business includes 200 corporate members from the top tech companies like Google Parent Firm Alphabet, KPMG, HP, and Nasdaq, it is also open to the various stakeholders who intend to join. Bank of America and Deloitte and Volkswagen are also part of the forum.
The group plans to create a plan of action that would aid the WHO to raise around 12 Billion dollars to develop and send the coronavirus vaccine across nations.
Need to address global emergency and ensure funds to source research and development for vaccine
The group plans to create stability and make sure that there is continuity in the supply chain of the essentials across the world as the businesses face turmoil due to the virus outbreak. The group aims to ensure that the public health needs, such as treatment and medical supplies, are enough.
World Economic Forum Chairman Speaks
COVID-19 is causing health emergencies and economic disruptions that no single stakeholder can address,” Klaus Schwab, founder and executive chairman of the World Economic Forum said in a statement.
Taskforce to address economic disruptions due to coronavirus
The objective is to make sure there are enough business donations to fund the development of vaccination to combat the deadly virus that can be completed. The virus outbreak is looked upon as the most prominent business, and soci0-political disruptions in the recent past and the forum intends to ensure there is more extensive collaboration in such a crisis.