The proposal, drafted by IMF chief economist Gita Gopinath and staff economist Ruchir Agarwal, builds on efforts already under way by the Access to COVID-19 Tools (ACT) Accelerator, United Nations, World Health Organization and other groups.
About $50 billion may be all it takes to vaccinate all eligible people around the world by the middle of next year, the International Monetary Fund or IMF has said, proposing an investment programme.
IMF unveils $50 bn proposal to vaccinate 40% of entire population by 2021-end
Doing so, IMF officials say, would inject the equivalent of $9 trillion into the global economy by 2025 due to a faster resumption of economic activity, with rich countries potentially benefiting the most
Reuters | May 21, 2021 | Updated 20:11 IST
The IMF projected some 1 billion doses could be donated this year even if countries prioritized their own populations
The International Monetary Fund on Friday unveiled a $50 billion proposal to end the COVID-19 pandemic by vaccinating at least 40% of the population in all countries by the end of 2021 and at least 60% by the first half of 2022.
The International Monetary Fund s proposal is to vaccinate at least 40 per cent of the population in all countries by the end of 2021 and at least 60 per cent by the first half of 2022. Photo by Reuters/Yves Herman/File Photo
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WASHINGTON The International Monetary Fund on Friday unveiled a US$50 billion proposal to end the COVID-19 pandemic by vaccinating at least 40 per cent of the population in all countries by the end of 2021 and at least 60 per cent by the first half of 2022.
Doing so, IMF officials say, would inject the equivalent of US$9 trillion into the global economy by 2025 due to a faster resumption of economic activity, with rich countries potentially benefiting the most.