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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The Monetary Fund: An international plan with 50 billion dollars to eliminate Corona

    Rocky
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    The Monetary Fund: An international plan with 50 billion dollars to eliminate Corona Empty The Monetary Fund: An international plan with 50 billion dollars to eliminate Corona

    Post by Rocky Sun 23 May 2021, 7:41 am

    The Monetary Fund: An international plan with 50 billion dollars to eliminate Corona

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    The International Monetary Fund said that the world could "end the epidemic" in mid-2022 by vaccinating 60 percent of the population at a cost of $ 50 billion, as rich countries and vaccine manufacturers pledged to address the inequalities that undermine the global response to the Coronavirus. And he added in his report issued at the G20 Virtual Health Summit on Friday, May 21, that countries with sufficient supplies of vaccines could donate one billion doses in 2021, even while continuing to prioritize immunizing their populations against "Covid-19". 
    Along with pre-financing, vaccine donations, according to the fund's estimates, will lead to a faster end to the epidemic, millions of lives and economic benefits of nearly $ 9 trillion in global GDP by 2025.
    It will be too late
    On the other hand, the International Monetary Fund warned that "in the absence of urgent measures, many emerging and developing economies may have to wait until the end of 2022 or later to control the epidemic." "Then it will be too late not only for those countries but also for the world," he added.
    The $ 50 billion figure is a fraction compared to the $ 16 trillion, which the International Monetary Fund estimates that countries have already spent on supporting families and businesses during the pandemic, but some health experts say the biggest obstacles to vaccination campaigns are not funding. But the national logistics and policies.
    The International Monetary Fund was launched for his proposal as European Commission President Ursula von der Leyen informed, during the virtual meeting, that the European Union would donate at least 100 million vaccines to poor countries by the end of the year, including 30 million doses of each. Germany and France.
    While some countries have begun to celebrate low infection rates, successful vaccination campaigns and a return to some semblance of normality, global Covid infections are nowadays at some of the highest levels since the start of the epidemic.
    "As we prepare for the next epidemic, our priority must be to ensure that the current epidemic is overcome together," said Italian Prime Minister Mario Draghi, who hosted the virtual meeting. "We must vaccinate the world, and do it quickly," he added.
    The need to vaccinate 40 percent of the world's population by the end of 2021 
    Pfizer and Biontech also pledged to provide poor countries with one billion doses at reduced prices in 2021, and another billion doses in 2022. At a time when the vaccines achieved by the companies became the mainstay of vaccination campaigns in Europe and the United States.
    To date, about 1.6 billion vaccines have been given worldwide out of a global population of nearly eight billion, according to Financial Times data. But vaccination campaigns are still being hampered by practical and political difficulties.
    Although Britain has vaccinated 60 percent of adults with at least one dose of the "Covid" vaccine, most African countries have immunized less than one percent of their population. The International Monetary Fund said the world should aim to vaccinate 40 percent of all countries' population by the end of 2021, and at least 60 percent by mid-2022.
    "The proposal not only requires commitments, but also upfront funding, donations of vaccines and precautionary investments," said International Monetary Fund director Kristalina Georgieva to the virtual summit. "It is imperative that the necessary funding be available immediately," she added.
    It is reported that manufacturing has been restricted this year due to a shortage of key materials, and supply has been disrupted due to export controls in major producers such as India. While the possibility that the mutating virus may undermine the effectiveness of the current shots has raised concerns that the epidemic may continue, even if manufacturing and supply problems are overcome.
    Preventing the spread of new variants of "Covid"
    To prevent the spread of new variants of the virus more harmful than "SARS-Covid-2", the International Monetary Fund has also identified the need to invest in the widespread deployment of testing and tracking initiatives as precautionary measures.
    The International Monetary Fund said the proposed measures could be financed by grants of $ 35 billion from donor countries and $ 15 billion from national governments. The $ 35 billion donation will include a $ 4 billion increase in pre-financing for the international "Kovacs" initiative to increase vaccination coverage in low- and middle-income countries from the current target of 20 percent to 30 percent by the end of this year.
    The report indicated that the ability to produce the vaccine is already less restricted to vaccination than previously feared. The International Monetary Fund "conservatively" expects the production and administration of at least six billion doses of vaccine worldwide by the end of 2021.
    Thomas Pollecky, a senior fellow at the American Council on Foreign Relations, said the IMF proposal was "helpful in getting people to think about what is needed," but he cautioned that money "is not a substitute for political leadership." "The challenge was not funding, but rather the unwillingness of leaders around the world to engage in these actions before local vaccine needs were met. It would take more than money to get us out of this," he added. 
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