IMF warns of growing poverty, unrest and geopolitical tensions aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.
India’s Covid crisis is a warning for other low- and middle-income countries: IMF
PTI
Washington |
Updated on
×
‘The ongoing catastrophic second wave in India is a sign the worst may be yet to come in the developing world.’
Observing that the ongoing “catastrophic” second wave of Covid-19 in India is a sign that the worst may be yet to come, the IMF has said. The organisation also said that the situation in India is a warning of the possible events in low- and middle-income nations that have seemingly escaped the pandemic till now.
A report co-authored by International Monetary Fund (IMF) economist Ruchir Agarwal and its Chief Economist Gita Gopinath on Friday said that under the ‘business-as-usual’ scenario, the vaccine coverage in India is expected to remain under 35 per cent of the population by the end of 2021.
Covid crisis in India a warning of possible events in other low and middle income countries: IMF
For India, the report said, current bilateral purchases of vaccine plus coverage from COVAX will cover about 25 per cent of its population by the first half of 2022.
Share Via Email
| A+A A-
Health workers and volunteers in personal protective suits wait to receive patients outside a COVID-19 hospital that was set up at a Sikh Gurdwara in New Delhi. (Photo | AP) By PTI
WASHINGTON: Observing that the ongoing catastrophic second wave of COVID-19 in India is a sign that the worst may be yet to come, the IMF has said that the situation in the country is a warning of the possible events in low- and middle-income nations that have seemingly escaped the pandemic till now.