Tensions between Britain and the European Union over the supply of COVID-19 vaccines show how the world deserves a “failing” grade for its past efforts to prepare for unexpected shocks, OECD chief Angel Gurria said on Tuesday.
Gurria, a former Mexican finance minister who has headed the Paris-based Organisation for Economic Co-operation and Development for 15 years, said countries had done too little to ensure supply chains would remain robust in a crisis.
“We don’t get a very high grade. We basically get a ‘failing’ grade,” he said.
The European Union has threatened to restrict vaccine exports after manufacturers in the bloc prioritised orders placed by Britain, which approved vaccines sooner and has rolled them out more effectively so far.