- Heads of International Monetary Fund (IMT), World Bank Group (WB), World Health Organization (WHO) and World Trade Organization (WTO) issue extraordinary call for financing actions by government leaders to accelerate end to COVID-19 pandemic.
- IMF, WB, WHO and WTO principals call for US$50 billion investment to generate US$9 trillion in global economic returns by 2025 and boost manufacturing capacity, supply, trade flows and the equitable distribution of diagnostics, oxygen, treatments, medical supplies and vaccines.
- Call to action by this quadrilateral grouping comes at a perilous point in the pandemic and as the historic World Health Assembly concludes, G7 meetings commence, and follows the G20 Global Health Summit.
- Doses need to be donated immediately to developing countries, synchronized with national vaccine deployment plans, including through COVAX, which is co-led by CEPI, Gavi and WHO, alongside key delivery partner UNICEF.
The heads of the world’s predominant global financing, health and trade agencies have united to urge government leaders to urgently finance a new US$50 billion roadmap to accelerate the equitable distribution of health tools to help end the pandemic that has devastated lives and livelihoods for 18 months and also set the foundations for a truly global recovery, as well as enhanced health security.
In a statement published by newspapers around the world, the leaders of the International Monetary Fund, World Bank Group, World Health Organization and World Trade Organization [Kristalina Georgieva, Tedros Adhanom Ghebreyesus, David Malpass and Ngozi Okonjo-Iweala] said governments must act without further delay or risk continued waves and explosive outbreaks of COVID-19 as well as more transmissible and deadly virus variants undermining the global recovery…more