IMF Proposes $ 50 Billion Coronavirus Fight Program

The International Monetary Fund (IMF) has proposed an initiative to fight the coronavirus. Its cost is estimated at $ 50 billion. The program includes vaccinations, testing and protection against the risks of worsening the situation, according to website fund.

The IMF proposes to increase the number of people vaccinated against coronavirus to 40% of the world’s population in 2021 and up to 60% in the first half of 2022. The fund also believes that it is necessary to provide widespread testing for COVID-19, maintain stocks of drugs, and strengthen measures to protect public health where there is a low level of vaccination. The third measure concerns insurance against risks of deterioration of the situation. It includes investments in additional vaccine production capacity of 1 billion doses, research and development of contingency plans.

$ 35 billion is proposed to be directed as grant funding. $ 22 billion of them should be allocated by the G20 countries, and the remaining $ 13 billion will be received from other sources. The remaining $ 15 billion is expected to come from countries “potentially backed by multilateral development banks’ funding mechanisms against COVID-19.”

There are 165 million coronavirus infections worldwide. The leaders are the United States (33.1 million), India (26 million), Brazil (15.9 million), France (6 million) and Turkey (5.2 million). Russia is in sixth place (4.9 million).

On the situation with coronavirus in Russia – in the material of “Kommersant” “Coronavirus for growth”