November 17, 2021
Economy

IMF head ‘optimistic’ about donation pace for $50B COVID-19 proposal

International Monetary Fund Managing Director Kristalina Georgieva. Photo by: Kim Haughton / IMF Photo / CC BY-NC-ND

The International Monetary Fund says it has secured about a third of the $35 billion in grants from public, private, and multilateral donors that it called for last month as part of a sweeping proposal to end the COVID-19 pandemic by ensuring a faster rollout of vaccines.

ACT-Accelerator calls on G-7 to pay their fair share

Members of the ACT-Accelerator have called on the world’s richest nations to contribute their “fair share” in financing efforts to increase equitable access to COVID-19 tests, treatments, and vaccines.

“We obviously have to do more,” IMF Managing Director Kristalina Georgieva said at an event Tuesday on promoting an inclusive economic recovery. However, the quick response made her “optimistic,” she said.

IMF proposes that some of the…

Read full article here: www.devex.com