The managing director of the International Monetary Fund, Kristalina Georgieva, called for speed in the advancement of vaccination programs, adding that, At the current rate and due to variations, the covid-19 pandemic will not end by the end of 2022.
(Vaccination for all ?: They contemplate eliminating age restrictions).
The world economy is still projected to expand by 6%, as the IMF estimated in April, but the composition of growth has changed as the speed, efficacy and availability of vaccines have affected the outlook for each country, Georgieva noted in a virtual discussion organized by the Peterson Institute for International Economics.
Recovery continues to depend on monetary and fiscal measures, as well as vaccines.
(Colombia donates 1 million dollars for vaccination in Caribbean countries).
“The negotiations are intensifying” around a very strictly defined exemption from the World Trade Organization’s intellectual property rules to help produce more vaccines, Georgieva said.