BusinessWorld
PHILIPPINE STAR/ MICHAEL VARCAS
The health pandemic has necessary global and cooperative dimensions. In April last year, the IMF noted the $8 trillion fiscal actions across the globe with support from massive monetary measures. The Fund itself pursued its own assistance program to member countries. Yet some impoverished countries continue to grapple with the consequences of the health crisis on poverty and social inequality. In hindsight, this international response hardly sufficed because the world remains open to a second or a third wave of infection.
Perhaps the early guidance from the Fund missed on something very fundamental to ensure that the pandemic is flattened across the globe within a collaborative framework. Through its Managing Director Kristalina Georgieva, the Fund outlined in a four-point plan its strategy in building the road to recovery. The first in the list was the essential containment measures and support for health systems. The
In total, 49 million doses had been distributed through Covax, of which 29 million were from Serum.
As coronavirus cases surged this month in India, the country that houses the world s largest vaccine manufacturer, the government began to pause vaccine exports.
Shipments ground to a halt by mid-April. Now, with domestic need for vaccine in India overwhelming capacity and program extending to adults over 18, it is not clear when India will begin exporting doses again.
The suspension of exports in April has contributed to a 90 million-dose shortfall for Covax, an international vaccine distribution effort, one of the group s key backers said Friday. That number will only grow in May if restrictions are not lifted.
The suspension of exports in April has contributed to a 90 million dose shortfall for Covax. That number would only grow in May if restrictions are not lifted.
Developing countries are dealing with a shortage of coronavirus vaccines, with the hoarding of supply and the protection of intellectual property in affluent nations two reasons why.
A COVID-19 Surge Is Decimating India s Health Care System—Here s How You Can Help yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.