IMF calls for $15 billion this year to manage long-term risks of COVID

Reuters

WASHINGTON – 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.

(Reporting by Andrea Shalal; Editing by Andrew Heavens)

tagreuters.com2022binary_LYNXNPEI340N5-BASEIMAGE


You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.