‘A perilous point’: Global agencies call for $50 billion investment to combat Covid-19
In a plea to halt the Covid-19 pandemic, four global agencies are calling for investments of up to $50 billion – mostly from wealthy nations — to boost manufacturing capacity and supplies and ease trade rules to ensure equitable distribution of vaccines and other medical products.
The call to action comes as the pandemic reaches a “perilous point,” but such an investment could reduce infections and the loss of lives, while accelerating an economic recovery, according to a statement from the World Health Organization, the World Bank, the World Trade Organization, and the International Monetary Fund.
