A Proposal to End the COVID-19 Pandemic : Executive Summary

Name: A Proposal to End the COVID-19 Pandemic : Executive Summary
Author: Agarwal, Ruchir.

Title	A Proposal to End the COVID-19 Pandemic : Executive Summary
Author	Agarwal, Ruchir.
Publication Date:	2021
Publication Place	Washington, D.C. - International Monetary Fund
Subject	Aggregate Factor Income Distribution, Communicable diseases, Crisis management, Demographic Economics: General, Demography, Diseases: Contagious, Economic & financial crises & disasters, Economic Growth and Aggregate Productivity: General, Economic sectors, Economics of specific sectors, Economics: General, Financial crises, Health Behavior, Health economics, Health, Health: General, Income, Industries: Manufacturing, Industry Studies: Manufacturing: General, Infectious & contagious diseases, Macroeconomics, Manufacturing industries, National accounts, Natural disasters, Population & demography, Population and demographics, Population, Publicly Provided Goods: General, India
Type	Book
Language	Arabic
Digital	Yes
Manuscript	No
Pages Count	53
Library:	Wesleyan University Library
Library Asset ID	ISBN : 9781513583587, ISBN : 1513583581
Record ID	alma9933318106403768
Library Location	See online access
Date	2021
Notes	Urgent steps are needed to arrest the rising human toll and economic strain from the COVID-19 pandemic that are exacerbating already-diverging recoveries. Pandemic policy is also economic policy as there is no durable end to the economic crisis without an end to the health crisis. Building on existing initiatives, this paper proposes pragmatic actions at the national and multilateral level to expeditiously defeat the pandemic. The proposal targets: (1) vaccinating 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, (2) tracking and insuring against downside risks, and (3) ensuring widespread testing and tracing, maintaining adequate stocks of therapeutics, and enforcing public health measures in places where vaccine coverage is low. The benefits of such measures at about $9 trillion far outweigh the costs which are estimated to be around $50 billion—of which $35 billion should be paid by grants from donors and the residual by national governments potentially with the support of concessional financing from bilateral and multilateral agencies. The grant funding gap identified by the Access to COVID-19 Tools (ACT) Accelerator amounts to about $22 billion, which the G20 recognizes as important to address. This leaves an estimated $13 billion in additional grant contributions needed to finance our proposal. Importantly, the strategy requires global cooperation to secure upfront financing, upfront vaccine donations, and at-risk investment to insure against downside risks for the world.
Seri	Staff Discussion Notes, Staff Discussion Notes; Staff Discussion Notes ; No. 2021/004

View in source Wesleyan University Library Wesleyan University Library - Ottoman library catalog search

Wesleyan University Library

A Proposal to End the COVID-19 Pandemic : Executive Summary

Author Agarwal, Ruchir.

Publication Date 2021

Publication Place Washington, D.C. - International Monetary Fund

Subject Aggregate Factor Income Distribution, Communicable diseases, Crisis management, Demographic Economics: General, Demography, Diseases: Contagious, Economic & financial crises & disasters, Economic Growth and Aggregate Productivity: General, Economic sectors, Economics of specific sectors, Economics: General, Financial crises, Health Behavior, Health economics, Health, Health: General, Income, Industries: Manufacturing, Industry Studies: Manufacturing: General, Infectious & contagious diseases, Macroeconomics, Manufacturing industries, National accounts, Natural disasters, Population & demography, Population and demographics, Population, Publicly Provided Goods: General, India

Type Book

Language Arabic

Digital Yes

Manuscript No

Pages Count 53

Library Wesleyan University Library

Library Asset ID ISBN : 9781513583587, ISBN : 1513583581

Record ID alma9933318106403768

Library Location See online access

Date 2021

Notes Urgent steps are needed to arrest the rising human toll and economic strain from the COVID-19 pandemic that are exacerbating already-diverging recoveries. Pandemic policy is also economic policy as there is no durable end to the economic crisis without an end to the health crisis. Building on existing initiatives, this paper proposes pragmatic actions at the national and multilateral level to expeditiously defeat the pandemic. The proposal targets: (1) vaccinating 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, (2) tracking and insuring against downside risks, and (3) ensuring widespread testing and tracing, maintaining adequate stocks of therapeutics, and enforcing public health measures in places where vaccine coverage is low. The benefits of such measures at about $9 trillion far outweigh the costs which are estimated to be around $50 billion—of which $35 billion should be paid by grants from donors and the residual by national governments potentially with the support of concessional financing from bilateral and multilateral agencies. The grant funding gap identified by the Access to COVID-19 Tools (ACT) Accelerator amounts to about $22 billion, which the G20 recognizes as important to address. This leaves an estimated $13 billion in additional grant contributions needed to finance our proposal. Importantly, the strategy requires global cooperation to secure upfront financing, upfront vaccine donations, and at-risk investment to insure against downside risks for the world.

Seri Staff Discussion Notes, Staff Discussion Notes; Staff Discussion Notes ; No. 2021/004