{"id":67150,"date":"2021-06-02T22:44:44","date_gmt":"2021-06-02T20:44:44","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=67150"},"modified":"2021-06-02T22:44:44","modified_gmt":"2021-06-02T20:44:44","slug":"intl-agencies-appeal-for-50-bn-to-help-end-pandemic-swiftly","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/intl-agencies-appeal-for-50-bn-to-help-end-pandemic-swiftly\/","title":{"rendered":"Int\u2019l agencies appeal for $50 bn to help end pandemic swiftly"},"content":{"rendered":"

The heads of the world\u2019s predominant global financing, health and trade agencies have united to urge government leaders to urgently finance a new $50 billion roadmap to accelerate the equitable distribution of health tools to help end the pandemic that has devastated lives and livelihoods for 18 months and also set the foundations for a truly global recovery, as well as enhanced health security.<\/p>\n

In a statement published by newspapers around the world<\/a>, the leaders of the International Monetary Fund, World Bank Group, World Health Organization<\/a> and World Trade Organization [Kristalina Georgieva, Tedros Adhanom Ghebreyesus, David Malpass and Ngozi Okonjo-Iweala] said governments must act without further delay or risk continued waves and explosive outbreaks of COVID-19 as well as more transmissible and deadly virus variants undermining the global recovery.<\/p>\n

Leaders of the four agencies said \u201cBy now it has become abundantly clear there will be no broad-based recovery without an end to the health crisis.\u00a0Access to vaccination is key to both.\u201d<\/em><\/p>\n

The joint statement draws on\u00a0a recent IMF staff analysis<\/a>, which stated that $50 billion in new investment is needed to increase manufacturing capacity, supply, trade flows, and delivery, which would accelerate the equitable distribution of diagnostics, oxygen, treatments, medical supplies and vaccines. This injection would also give a major boost to economic growth around the world.<\/p>\n

\u201cAt\u00a0an\u00a0estimated $50 billion, it will bring the pandemic to an end faster in the developing world, reduce infections and loss of lives, accelerate the economic recovery, and generate some $9 trillion in additional global output by 2025, \u201csaid the leadership.<\/p>\n

It echoes economic analysis by the\u00a0International Chamber of Commerce<\/a>; and the\u00a0Eurasia Group<\/a>\u00a0\u2013 both of which make the case for a relatively modest investment by governments in comparison to the trillions spent on national stimulus plans and lost trillions in foregone economic output. But the critical element of this is that it effectively spurs global vaccination and bridges the equity gap.<\/p>\n

\u201cIncreasing our ambition and vaccinating more people faster: WHO and its COVAX partners have set a goal of vaccinating approximately 30% of the population in all countries by the end of 2021,\u201d said the four leaders. \u201cBut this can reach even 40% through other agreements and surge investment, and at least 60 percent by the first half of 2022.\u201d<\/p>\n

Governments are urged to act on the investment opportunity to boost supplies of vaccines, oxygen, tests and treatment. The IMF,\u00a0WBG<\/a>, WHO and WTO leaders issued their joint statement as the World Health Assembly drew to a conclusion and a round of G7 meetings were set to start, beginning with a Finance Ministers convening later this week, and following a Global Health Summit co-hosted by the EU and Italy, which chairs the G20.<\/p>\n

\u201cTo urgently get more shots in arms, doses need to be donated immediately to developing countries synchronized with national vaccine deployment plans, including through COVAX,\u201d said the four leaders. \u201cCooperation on trade is also needed to ensure free cross-border flows and increasing supplies of raw materials and finished vaccines\u201d<\/p>\n

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The heads of the world\u2019s predominant global financing, health and trade agencies have united to urge government leaders to urgently finance a new $50 billion roadmap to accelerate the equitable distribution of health tools to help end the pandemic that has devastated lives and livelihoods for 18 months and also set the foundations for a […]<\/p>\n","protected":false},"author":410,"featured_media":67153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6031,984],"tags":[6607,6100,9367],"yoast_head":"\nInt\u2019l agencies appeal for $50 bn to help end pandemic swiftly - Csr Egypt<\/title>\n<meta name=\"description\" content=\"The heads of the world\u2019s predominant global financing, health and trade agencies appealed for $50 billion to accelerate the equitable distribution of health tools to help end the pandemic\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/intl-agencies-appeal-for-50-bn-to-help-end-pandemic-swiftly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Int\u2019l agencies appeal for $50 bn to help end pandemic swiftly - 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