World economic leaders call for $50 billion from wealthy nations to help stop Covid pandemic

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World economic leaders call for $50 billion from wealthy nations to help stop Covid pandemic
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World economic leaders estimated that $50 billion will generate about $9 trillion in global output by 2025 by accelerating an end to the pandemic.

The heads of the IMF, World Bank, WHO and WTO published an op-ed in newspapers across the world urging wealthy nations to pledge $50 billion toward global vaccination efforts.The agencies have set a goal to vaccinate 30% of the population in all countries by the end of 2021.

The group, which published an op-ed in newspapers across the globe this week, said there was a two-track pandemic brewing with richer nations vaccinating large portions of their populations while poorer nations that have received less than 1% of the vaccines administered so far "being left behind." The money would go toward increasing manufacturing capacity, supply and delivery, which would accelerate the equitable distribution of diagnostics, oxygen, treatments, medical supplies and vaccines.

"WTO members can and should deliver on all three fronts," the WTO's Okonjo-Iweala said. The WTO currently has members from 159 countries around the world.that Africa needs at least 20 million AstraZeneca Covid vaccine doses within the next six weeks to get the second round of shots to people who've already received the first.

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