IMF says coronavirus crisis far from over, calls for more economic support
4 years, 3 months ago

IMF says coronavirus crisis far from over, calls for more economic support

India Today  

The International Monetary Fund on Wednesday warned that the coronavirus crisis was “far from over” and underscored the need for multilateral cooperation to ensure adequate supplies once a vaccine is developed. In an essay published in Foreign Policy magazine, IMF Managing Director Kristalina Georgieva and chief economist Gita Gopinath said the ongoing economic recovery from the crisis was the result of the rapid implementation and unprecedented scale of government and central bank support, but more efforts would be needed. Read | India’s inflation in August likely to remain above RBI's target range: Poll COVID-19, the disease caused by the new coronavirus has killed 900,000 worldwide, and the IMF estimates the total cost of the crisis will reach $12 trillion by the end of 2021, with low-income countries likely to need continued support. In addition to supporting workers and businesses, and investing to arrest global warming and reverse rising inequality, the IMF leaders said governments must cooperate internationally to bring the health crisis to an end. “An uneven rollout might improve economic conditions in countries that secured the vaccine first but would not shield them from weak demand from trade partners struggling to recover without a vaccine.” Also Read | Govt spending declines even as Indian economy remains in reverse gear

History of this topic

Draft WHO pandemic deal pushes for equity to avoid COVID ’failure’ repeat
1 year, 10 months ago
Explained | Can vaccine distribution be made fairer?
2 years, 1 month ago
Fight to end virus pandemic takes place on UN’s sidelines
2 years, 3 months ago
UN official urges acceleration in coronavirus vaccinations
2 years, 8 months ago
WHO recommends countries ease COVID measures 'in steady, slow way'
2 years, 10 months ago
Failure to vaccinate everyone will give rise to new variants, warns UN chief Antonio Guterres
2 years, 11 months ago
Failure to vaccinate everyone will give rise to new variants: UN chief
2 years, 11 months ago
For the 36 countries with the lowest vaccination rates, supply isn't the only issue
2 years, 11 months ago
US pledges $580m to international COVID fight amid Omicron spread
3 years ago
WHO warns against rich nations hoarding jabs to fight Omicron
3 years ago
IMF chief warns Omicron COVID-19 variant could slow global growth
3 years ago
As rich-poor divide widens between nations, UN urges reform
3 years, 3 months ago
More vaccine donations are urgently needed in the Americas: PAHO
3 years, 3 months ago
Wealthy nations ‘far from targets’ on COVID vaccine donations
3 years, 4 months ago
Uneven COVID-19 vaccine distribution may hamper economic recovery in developing nations: IMF
3 years, 4 months ago
July 12, 2021 coronavirus news
3 years, 5 months ago
Govt taking steps to ensure supply of vaccines from overseas: MEA
3 years, 6 months ago
Close the vaccination gap, in global lockstep
3 years, 6 months ago
Heads of four global organisations appeal to world leaders for COVID-19 vaccine equality
3 years, 6 months ago
Sustaining and scaling up the response to Covid is key to saving lives
3 years, 6 months ago
Global supply of COVAX hit due to coronavirus crisis in India, USAID tells lawmakers
3 years, 6 months ago
India's COVID-19 crisis: S Jaishankar and Antonio Guterres discuss ramping up global vaccine supply and production
3 years, 6 months ago
Covid Crisis in India a Warning of Possible Events in Other Low and Middle-income Countries: IMF
3 years, 7 months ago
IMF proposes USD 50 billion global vaccination plan
3 years, 7 months ago
Vaccine supply on agenda as EAM Jaishankar heads to US for five-day visit
3 years, 7 months ago
Will global tender for Covid-19 vaccines by states help?
3 years, 7 months ago
World could have prevented COVID-19 catastrophe: Expert panel
3 years, 7 months ago
Covid-19 vaccine deserts: Some countries have no jabs at all
3 years, 7 months ago
IMF to Revisit Growth Forecast for India Due to Surge In Covid-19 cases
3 years, 7 months ago
The US secured 1 billion doses of Covid-19 vaccines. Medical ethicists say it should share with other countries
3 years, 7 months ago
MSF urges rich countries to back COVID vaccine patent waiver
3 years, 8 months ago
Global COVID-19 infection rate approaching highest, says WHO
3 years, 8 months ago
Brazil’s virus outlook darkens amid vaccine supply snags
3 years, 8 months ago
IMF, World Bank urged to ensure timely delivery of COVID-19 vaccines across nations
3 years, 8 months ago
Covid-19 Pandemic Leaving Behind Complex Legacies That Will Need to Be Tackled: IMF Official
3 years, 8 months ago
Coronavirus lays bare social inequality, warns UN chief Guterres'
3 years, 8 months ago
Covid-19: World leaders unite to call for pandemic treaty, saying: ‘No one is safe until we are all safe’
3 years, 8 months ago
Share COVID-19 vaccines, don't stockpile them: UN Secretary-General tells developed counties
3 years, 8 months ago
Nation offers vaccine assistance to 80 countries
3 years, 9 months ago
Nobel Prize economists call for vaccine equity and debt relief
3 years, 9 months ago
Developing nations demand equal access to coronavirus vaccines
3 years, 9 months ago
World Bank Readies Covid-19 Vaccine Funds for Around 30 African Countries
3 years, 9 months ago
'Premature, unrealistic' to think Covid pandemic will be stopped by end of 2021: WHO
3 years, 9 months ago
A call for global vaccine justice
3 years, 10 months ago
Vaccine nationalism: Why hoarding COVID jabs may prolong pandemic
3 years, 10 months ago
UN chief urges global plan to reverse unfair vaccine access
3 years, 10 months ago
Opinion: To stop the global pandemic, rich countries need to stop hoarding vaccines
3 years, 10 months ago
Unwilling to wait, poorer countries seek their own vaccines
3 years, 10 months ago
Coronavirus | Serum Institute of India, UNICEF enter into long-term supply pact for COVID-19 vaccines
3 years, 10 months ago
Rich countries hoarding COVID-19 vaccines, says South African President Ramaphosa
3 years, 10 months ago

Discover Related