COVAX facility will be distributing 1.3 billion COVID-19 vaccin doses to the developing countries, including Egypt, by the end of 2021, managing director of the International Monetary Fund (IMF) Kristalina Georgieva said.
Georgieva made her remarks at a press conference on Wednesday, where she launched the IMF’s policy agenda that tackles the challenges that the pandemic has posed and the policies required to deal with them.
She said that providing shots for all countries, particularly the developing and the poorest ones, is crucial and will play a role in taming the elevating debt levels that such countries are suffering from according to Ahram Online
“Vaccine policy is an economic policy. Faster progress in ending the health crisis could add almost $9 trillion to global GDP by 2025,” she added.
She further said that the advanced economies are stepping up their support to such economies through pledging additional $4 billion in aid.
