IMF sees strong economic arguments for removing vaccine barriers

Believes scaling up production is the fastest way to bring an end to the crisis.
Image: Bloomberg

The International Monetary Fund sees strong economic arguments for removing barriers to vaccine production and distribution, while cautioning that a waiver on intellectual-property protections must be accompanied by other measures.

Scaling up production is the fastest way to bring an end to the crisis, Managing Director Kristalina Georgieva said on Thursday in a European University Institute online event, responding to a question on the US’s support and Germany’s opposition to the waiver. Still, a temporary suspension for rules at the World Trade Organization must be paired with both a transparent process for allocating doses and anti-counterfeiting measures, she said.

“Making it possible to scale up production is one contributor” to ending the crisis “sooner rather than later,” Georgieva said. Still, a waiver for 18 months or two years, as some have proposed, “is not a silver bullet; it does require these other two aspects of transparency and measures to prevent counterfeiting vaccines, which by the way has already happened in a couple of places,” she said.

Georgieva reiterated that the fund sees a $9 trillion benefit to the world economy through 2025 if faster progress can be made in ending the crisis.

The US, Germany and other countries will take up debate over the idea at the WTO in the coming weeks, pitting the plan to share proprietary know-how against the need to boost global supplies, especially in developing countries that have struggled to get their populations inoculated. The US came out in favor of the proposal for the waiver Wednesday, with the Germany government Thursday saying it’s in opposition.

© 2021 Bloomberg

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Exactly how the majority of countries will scaleup production without any skills or required infrastructure is of course unclear ne !!!

I can’t believe people still entertain the IMF ideas for ending this plandemic.
People should realize the vaccine is not a vaccine(it prevents nothing = proven fact, as many people are getting infected after the vaccine). I guess the best one out there is Sputnik(Russian vaccine)
* Actually, weird how the infection rates increase after people are vaccinated. Look at Israel, India….

Since when does the IMF care about Africa or people in general. Look at their history.

These so called vaccines will devastate the Africa/world and it already started

The money God has spoken. The fear mongering has been deified.
Data is now suggesting that injections are killing around half the number that Covid is. Covid is busy killing fewer each day but in Africa the injection campaign is yet to start. Delay is destined to bring zero deaths from Covid and zero purpose to risk any more deaths. The manufacturers require governments to give them indemnity from all and any harmful effects. The people are generally unaware of this or that they are effectively volunteers for stage 3 of the test protocol at their own risk and with no monitoring or records being kept. They can inject anything and get away with it. This is not a good deal for the uninformed victims.
The money God is involved because there are hundreds of billions of dollars involved in this injection game. If only it can be kept going then there can be hundreds of billions more. Those that profit always want more and they want it now.

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