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The International Monetary Fund (IMF), the World Bank Group (WB), the World Health Organization (WHO), and the World Trade Organization (WTO) have called for an investment of $50 billion to generate $9 trillion in global economic returns
by 2025.
Governments must act now or risk a continued wave and explosive outbreak of Covid-19 and more transmissible and deadly variants of the virus undermining the global recovery
, the leaders of the four agencies said.
"It is now abundantly clear that there will be no broad recovery
without ending the health crisis.
Access to vaccination is key to both," the four agencies added
.
The joint statement of the four agencies draws on a recent analysis by IMF staff, which noted that $50 billion in new investment is needed to boost manufacturing capacity, supply, trade flows, and delivery, which will accelerate the equitable distribution
of diagnostics, oxygen, therapeutics, medical supplies, and vaccines.
The investment will also significantly boost global economic growth
.
"An estimated $50 billion would end the pandemic more quickly in developing countries, reduce infections and loss of life, accelerate economic recovery, and generate approximately $9 trillion in additional global output
by 2025," the four agencies said.
”
"Boost our confidence and vaccinate
more people faster.
WHO and its COVAX partners have set a target to
vaccinate about 30% of the population of all countries by the end of 2021.
But with other agreements and surging investments, this percentage can even reach 40%, and at least 60%
by the first half of 2022.
”
Leaders of the International Monetary Fund, the World Bank Group, WHO, and WTO issued a joint statement at the close of the World Health Assembly, urging governments to take advantage of investment opportunities to take action to increase vaccines, oxygen, testing and supplies
.
"In order to urgently administer more vaccines, doses synchronized with national vaccine deployment plans need to be donated immediately to developing countries, including through Covax," the four agencies added, "and trade cooperation is also needed to ensure free cross-border flows and increase the supply
of raw and finished vaccines.
" ”
The International Monetary Fund (IMF), the World Bank Group (WB), the World Health Organization (WHO), and the World Trade Organization (WTO) have called for an investment of $50 billion to generate $9 trillion in global economic returns
by 2025.
Governments must act now or risk a continued wave and explosive outbreak of Covid-19 and more transmissible and deadly variants of the virus undermining the global recovery
, the leaders of the four agencies said.
"It is now abundantly clear that there will be no broad recovery
without ending the health crisis.
Access to vaccination is key to both," the four agencies added
.
The joint statement of the four agencies draws on a recent analysis by IMF staff, which noted that $50 billion in new investment is needed to boost manufacturing capacity, supply, trade flows, and delivery, which will accelerate the equitable distribution
of diagnostics, oxygen, therapeutics, medical supplies, and vaccines.
The investment will also significantly boost global economic growth
.
"An estimated $50 billion would end the pandemic more quickly in developing countries, reduce infections and loss of life, accelerate economic recovery, and generate approximately $9 trillion in additional global output
by 2025," the four agencies said.
”
"Boost our confidence and vaccinate
more people faster.
WHO and its COVAX partners have set a target to
vaccinate about 30% of the population of all countries by the end of 2021.
But with other agreements and surging investments, this percentage can even reach 40%, and at least 60%
by the first half of 2022.
”
Leaders of the International Monetary Fund, the World Bank Group, WHO, and WTO issued a joint statement at the close of the World Health Assembly, urging governments to take advantage of investment opportunities to take action to increase vaccines, oxygen, testing and supplies
.
"In order to urgently administer more vaccines, doses synchronized with national vaccine deployment plans need to be donated immediately to developing countries, including through Covax," the four agencies added, "and trade cooperation is also needed to ensure free cross-border flows and increase the supply
of raw and finished vaccines.
" ”
