Faster vaccinations would raise global income cumulatively by $9 trillion
- 08 February 2021
Faster vaccinations would raise global income cumulatively by $9 trillion over 2020‑2025, with benefits for all countries, said Deputy Managing Director Antoinette M. Sayeh of IMF at the Warwick Economic Summit, APA-Economics reports citing IMF.
The international community must act swiftly to ensure access to vaccines and medical treatments also for low- and middle-income economies. This will require ramping up production, bolstering funding for the COVAX facility, and the logistics of vaccine delivery.
Since the start of the pandemic, we have approved over $105 billion in total financing for 85 countries. We expanded concessional financing for low-income countries and provided immediate debt relief to 29 of the poorest, most vulnerable ones. And we provided real‑time policy advice and capacity development support to over 175 countries. Never in the history of the IMF have we done so much, so fast.