IMF proposes $50 billion global vaccination plan

Current GK ( Master) International Funding institutions

The International Monetary Fund has proposed a $50 billion global vaccination plan that would cover at least 40 per cent of the global population by the end of 2021 and at least 60 per cent by the first half of 2022.
With strong and coordinated action now and with little in terms of financing relative to the outsized benefits the world can durably exit this unprecedented health and economic crisis, IMF Managing Director Kristalina Georgieva said in her address to the G20 Health Summit.
First, vaccinating of at least 40 per cent of the global population by end-2021 and at least 60 per cent by the first half of 2022. To do so requires additional upfront grants to COVAX, donating surplus doses and free cross-border flows of raw materials and finished vaccines.
IMF envisage grant financing of at least USD 35 billion. G20 governments have already identified as important to address the USD 22 billion grant funding gap noted by the ACT-Accelerator, she said.
The proposal estimates this needs to be topped up by an additional USD 13 billion in grant contributions. The remainder of the overall financing plan around USD 15 billion could come from national governments, supported by COVID-19 concessional financing, primarily from facilities already created by multilateral development banks.