This estimate is set out in the COVID-19 Global Long Term Risk Management Strategy, a working document published on Tuesday by the International Monetary Fund in cooperation with the Coalition for Innovation Preparedness (CEPI), the Global Fund. and Wellcome Trust.
In it, four global groups confirm that ending the pandemic remains an urgent economic, health and moral priority for the world.
“Given the number of possible scenarios for the development of COVID-19 (from moderate to severe) and the limited resources available to countries, we need a new strategy,” Gita Gopinath, IMF’s First Deputy Director General, said in a press release. .
The IMF estimated that the pandemic caused a cumulative loss of $ 13.8 trillion in January 2022.
Ms Gopinath said countries needed vaccines, tests, treatments and improved health infrastructure to fight COVID-19 and other deadly diseases.
“The last two years have shown that remarkable progress is possible when the world comes together and boldly supports science on a large, cross-border basis,” said Jeremy Farrar, director of the Wellcome Trust charity. “Now is not the time to slow down – further movement of the virus is almost certain and the risk of new variants is high.”
Richard Hatchett, CEO of CEPI, said vaccines were a key part of the response.
“They are one of our strongest tools against the risks of a pandemic and will be essential for any future response,” Hatchett said in a statement. However, they must be accompanied by investment in global surveillance, research and development, manufacturing and health systems, he added.
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