An end to the epidemic is possible at a cost of about 50 billion USD, notes the International Monetary Fund | Economie

International Monetary Fund officials said doing so would pump the equivalent of $ 9 trillion into the global economy by 2025 due to a faster resumption of economic activity.The rich countries are likely to be the biggest beneficiaries.

The Director of the International Monetary Fund, Kristalina Georgieva, said at a health summit organized by the European Commission and the Group of Twenty It makes sense for rich economies to increase donations to ensure a faster end to the pandemic.

“Advanced economies – which have been asked to contribute more to the effort – will likely see the largest return on public investment in recent history, taking 40% of GDP gains and nearly $ 1 trillion in additional tax revenue,” she said.

The proposal by IMF chief economist Gita Gopinath and team economist Rocher Agarwal expands efforts already underway to reach the Tool Accelerator Against Covid-19 (ACT) by the United Nations, the World Health Organization and other groups

Implementing the plan will cost about $ 50 billion, with $ 35 billion paid through donations from rich countries, private and multilateral donors, and the remaining $ 15 billion funded by national governments using low-interest, or interest-free, funds. One of the multilateral development banks.

The IMF authors said the G20 countries have already recognized the need for about $ 22 billion in grants to tackle the crisis, leaving about $ 13 billion in additional grants needed to reach $ 50 billion.

Without urgent action, they added, many emerging and developing countries may have to wait until the end of 2022 or later to bring the epidemic under control.