IMF says the world needs to commit $50 billion to combat the pandemic PUBLISHED BY The International Monetary Fund, IMF, says that the world would need $50 billion to fight the pandemic. It proposes that the commitments from the various countries and agencies can include grants, resources, and concessional financing by the various government bodies. The aim is to vaccinate at least 40 percent of the population in all countries by the end of 2021 and at least 60 percent by the first half of 2022. And to ensure widespread testing and tracing, maintain adequate stocks of therapeutics, and enforce public health measures in places where vaccine coverage is low.