WASHINGTON: The International Monetary Fund (IMF) proposed a $50 billion plan to end the COVID-19 pandemic, aiming to expand global immunisation drives, while vaccine firms pledged to supply billions of doses to poorer nations by the end of next year.
The pledges came as Spain said it would open its borders to all vaccinated travellers next month. However, in Latin America, the coronavirus continued to wreak havoc as the continent’s death toll climbed toward the grim one million milestone.
The World Health Organisation (WHO) said the real number of dead from the pandemic could be two to three times higher than official statistics suggest.
In Washington the IMF proposed a $50 billion recovery plan with the aim of having at least 60 percent of the world’s population vaccinated by the end of 2022.
The amount pales in comparison to the massive stimulus rolled out by rich nations, including the latest $1.9 trillion US package. “One of the key messages of this proposal is that the amount that’s needed is not very big,” said IMF chief economist Gita Gopinath.
In Rome, the Global Health Summit — part of the G20 talks — saw the leading Covid vaccine makers Pfizer, Moderna and Johnson & Johnson promise 3.5 billion doses at cost or discount to middle and low income countries this year and next.
“It is a very clear ‘no’ to health nationalism,” European Commission chief Ursula von der Leyen told the G20 after the EU pledged 100 million doses and to invest in manufacturing hubs in Africa to reduce reliance on imports.
Germany chipped in later Friday, donating 30 million doses to poorer countries this year. Vaccines are offering hope that nations can finally emerge from the pandemic that has ravaged the global economy and killed more than 3.4 million people since the end of 2019.
In Europe, the tourism sector looked on track to start a cautious resumption as Spain said it would open its borders to all immunised travellers from June 7.
[1/6] We develop a $50billion “Proposal to end the #COVID19 pandemic.” It defines worldwide vaccination targets, actions needed & financing, building on the work of @WHO @WorldBank @Gavi @ACTAccelerator & others. @KGeorgieva @_RuchirAgarwal @IMFNews. Read: https://t.co/VF55RhuwuY
— Gita Gopinath (@GitaGopinath) May 21, 2021
Prime Minister Pedro Sanchez also said that all British travellers would be welcomed in for holidays — without even needing to prevent a negative Covid test.
In sharp contrast, Germany said that Britain would be from Sunday declared a zone of “variants mutation” due to the presence of different strains, meaning travel restrictions including a quarantine for those arriving from the UK.
In a new global health statistics report, the UN agency said far more people died than generally acknowledged. “Total deaths are at least two to three times higher than officially reported,” Samira Asma, the WHO assistant director-general in charge of data, told reporters.
Latin America has surpassed one million coronavirus-related fatalities in the coming days as many countries in the region struggle to secure enough vaccines. Brazil has the continent’s highest death with 450,000, a figure second globally only to the United States. The Senate last month officially launched a probe into why the virus exploded in the country.
The investigation has particularly focused on far-right populist President Jair Bolsonaro’s unorthodox decisions concerning the outbreak, including opposing stay-at-home measures and masks.
