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IMF proposes $50 billion global vaccination plan

IMF proposes $50 billion global vaccination plan_4.1

The International Monetary Fund has proposed a $50 billion global vaccination plan that would cover at least 40 per cent of the global population by the end of 2021 and at least 60 per cent by the first half of 2022. The vaccination target requires additional upfront grants to Covax, donating surplus doses and free cross-border flows of raw materials and finished vaccines.

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With strong and coordinated action now and with little in terms of financing relative to the outsized benefits the world can durably exit this unprecedented health and economic crisis, IMF Managing Director Kristalina Georgieva said in her address to the G20 Health Summit.

Important takeaways for all competitive exams:

  • IMF Headquarters: Washington, D.C. U.S.
  • IMF Managing Director and Chairman: Kristalina Georgieva.
  • IMF Chief Economist: Gita Gopinath.

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