Washington, United States — The IMF on Friday proposed a $50 billion plan to end the COVID-19 pandemic, with a target of vaccinating at least 40 percent of the world’s population by the end of 2021.
The modest financial commitment pales in comparison to the massive stimulus rolled out by rich nations, including the latest $1.9 trillion US package approved in March.
“One of the key messages of this proposal is that the amount that’s needed is not very big,” IMF chief economist Gita Gopinath told reporters.
The plan is dwarfed by the economic benefits the International Monetary Fund calculates would be gained by an early end to the pandemic, amounting to $9 trillion from the…
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