Countries should provide $15 bn this year to tackle long-term COVID-19 risks: IMF
"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.
- Apr 5, 2022,
- Updated Apr 5, 2022 8:08 PM IST
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.
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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.
Also Read: SEBI chairperson Madhabi Puri Buch appears before parliamentary panel
Also Read: Bajaj Finserv MARKETS: One-stop Shop for ICICI Credit Cards and Helpline Numbers