imf vaccination plan

The IMF proposes to implement a $50 billion vaccination plan for everyone by mid-2022. The International Monetary Fund (IMF)  proposed a $50 billion plan last Friday to end the Covid-19 pandemic, with the goal of vaccinating less than 40% of the world’s population.

Kristalina Georgieva, Director of the International Monetary Fund, said at the World Health Summit in Rome: “By the end of 2021, the rest of the population will reach the level of the first half of 2022. Part of the G20. According to the international currency A detailed research report prepared by IMF chief economist Gita Gopinath and human resources economist Ruchir Agarwal, due to the rapid economic recovery, the world economy by 2025 Will reach 9 trillion US dollars. Do business with potentially rich countries.

The author of the report pointed out that it has been confirmed that there will be no final revision. It is caught in an endless economic crisis. Therefore, he believes that it is in the interests of all countries to end the pandemic forever. Georgia said it makes sense for rich countries to raise funds to end the pandemic faster.

The IMF recommends implementing a $50 billion vaccination plan

When asked about the further contribution of this work, it will likely bring the highest return on public investment in modern history, covering 40% of GDP. %, and an estimated tax increase of 1 trillion dollars. The economy diverges. The country”,-George said.”This situation will only worsen because the gap between rich countries where vaccines are available and poor countries where vaccines are not available will only worsen.

By the end of April, less than 2% of the African population had received vaccinations, and more than 40% of the population has been vaccinated. The International Monetary Fund says that more than 20% of people in the United States and Europe have received at least one dose of Covid vaccine.

The estimated US$50 billion is subsidies, government funding and other totaling at least US$35 billion The IMF said: “The implementation of the plan will cost about US$50 billion, of which US$35 billion will be provided by donations from rich countries, private and multilateral donors, and the remaining US$15 billion will be provided by low-income countries. Provided by the government. -Or “interest-free financing from multilateral development banks,” he added.

Although the supply of vaccines is still limited, he asked for 30 billion U.S. dollars for extensive testing, treatment and drugs to introduce vaccines, and 200 million U.S. dollars to double. The Covid-19 pandemic has caused more than 3.5 million deaths. The IMF said on a global scale that it expects that the health outlook by 2022 will be very unstable and pose a “serious risk” to the world.

Ritu

By Ritu

Content writer and social media intern.

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