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Int’l institutions advocate for more equitable vaccine distribution

Int’l institutions advocate for more equitable vaccine distribution

Washington, Jun 2 (Prensa Latina) Leaders of the International Monetary Fund (IMF), World Bank (WB), World Health Organization (WHO) and the World Trade Organization (WTO) have called for a much more equitable Covid-19 vaccines distribution, to speed up medical supplies distribution and to boost global economic growth, according to a joint statement.
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The 4 international bodies also urged the world’s seven most advanced economies -Canada, the United States, Japan, France, Germany, Italy and the UK – to open a US$50 billion emergency relief fund, which should go to the poorest countries.

Such a figure will serve to speed up the equitable distribution of medical supplies and to boost global economic growth, the leaders said in the statement.

‘An estimated $50 billion will help to halt the coronavirus pandemic swiftly in the developing world, to reduce infections and loss of life, to accelerate economic recovery, and to generate an additional $9 trillion in additional global production by 2025.’ said the document published on Tuesday.

They also considered that trade cooperation is also necessary to guarantee free cross-border flows and to increase raw material and already produced vaccines supplies.

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