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IMF: Global groups propose US$10 billion a year anti-pandemic plan

According to four organizations focused on global health and the economy, $15 billion in funding will be needed this year and another $10 billion annually to establish and maintain an appropriate set of tools to respond to COVID. -19 and address future pandemic threats.

The estimate is provided in “Global Strategy for Managing Long-Term Risks of COVID-19”, a working document published on Tuesday by the International Monetary Fund, in partnership with the Alliance for Innovations. on Epidemic Preparedness (CEPI), Global Fund and Wellcome Trust.

In the article, four global groups say that ending the pandemic everywhere remains an urgent economic, health and ethical priority for the world.

“Given the many possible scenarios for the development of COVID-19 (from benign to severe) and with the limited resources that countries have, we need a new strategy,” said Gita Gopinath, IMF First Deputy Managing Director, said in a statement.

The IMF estimates the pandemic has resulted in cumulative losses of US$13.8 trillion as of January 2022.

Gopinath said in a news conference that the IMF is expected to revise down its global growth forecast later this month to drive the cost of Russia’s invasion of Ukraine and the pandemic to continue.

“The cost to the economy of the disruptions in general and the war in Ukraine will be substantial,” Gopinath said, adding that the estimated costs of the pandemic would also increase.

“As the pandemic is not over yet, and we have continued supply chain disruptions and other costs, including human capital, that number is only growing,” Gopinath added.

Gopinath said countries need vaccines, tests, treatments and improved health infrastructure to deal with COVID-19 and other deadly diseases.

Jeremy Farrar, director of the Wellcome Trust charity, said: “The past two years have shown the tremendous progress that can be made when the world comes together and supports strong science on a large scale, across borders. gender”. “Now is not the time to ease up – the next move of the virus is anything but certain and the risk of new variants emerging is very high.”

Richard Hatchett, chief executive officer of CEPI, said vaccines would be critical to any future response, but they must be accompanied by investment in surveillance systems, research and development, products and services. export and global health.

“This is a crisis that will continue to unfold and be indivisible over time if we do not provide the resources to combat it that it requires,” Hatchett said.

(Reporting by Julieketsnhuysen in Chicago; Additional reporting by Andrea Shalal in Washington. Editing by Chizu Nomiyama and Will Dunham)

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