IMF calls for $15 billion this year to manage long-term risks of COVID
2022.04.05 16:36
People wait to receive a dose of Pfizer-BioNTech coronavirus disease (COVID-19) vaccine at a vaccination center as the Salvadoran government authorized a fourth dose of the vaccine in San Salvador, El Salvador, March 22, 2022. REUTERS/Jose Cabezas
WASHINGTON (Reuters) – Countries around the world should provide $15 billion in grants this year and $10 billion a year thereafter to manage the long-term risks of COVID-19, the International Monetary Fund said in a new staff paper released on Tuesday.
The paper, prepared with the Coalition for Epidemic Preparedness Innovations (CEPI), the Global Fund, and charitable group Wellcome, said a new, more comprehensive approach was needed immediately to strengthen global health systems and limit the already staggering $13.8 trillion cost of the pandemic.
“The cost of inaction – for all of us – is very high. We need to act – now,” IMF First Deputy Managing Director Gita Gopinath said in a statement.
