The IMF urged the richest countries to pay for the vaccination of the poorest.

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source: theguardian.com

Kristalina Georgieva addressed the leaders of the world's most powerful countries at the G7 summit. "It is not just a moral imperative, but a necessary step for the economic recovery to be lasting," he said.

The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, said this Sunday in the framework of the G7 summit that rich countries and pharmaceutical companies must "pay" for vaccination programs against the coronavirus in developing countries.

Georgieva, who spoke in the plenary session of the meeting in Cornwall on Saturday and will do so again today on the last day of the meeting, was shown during a meeting with journalists "impressed by the seriousness with which (the G7 leaders) have approached the question of ending the pandemic around the world".

The leaders of some of the most developed democracies on the planet have expressed "a clear recognition" that helping developing countries fight the coronavirus "is not only a moral imperative, but a necessary step for the economic recovery to be lasting.". "For that reason, we must make sure that the world makes rich countries and companies pay for it," he stressed.

The managing director of the IMF stressed that the most urgent measure to be taken is to organize the donation of "surplus vaccines" to the poorest countries.

In this area, the G7 in Cornwall is debating the goal of delivering 1 billion doses over the next year. The United States has already pledged to donate 500 million and the United Kingdom another 100 million.

At the same time, Georgieva stressed, it is essential to start working to "expand production capacity" of vaccines in developing countries.

Suppose large areas of the planet remain unimmunized. In that case, new variants of the virus may spread in various parts of the world that would jeopardize the most advanced vaccination programs and will also require the manufacture of new preparations adapted to these mutations, he warned.

Georgieva stressed the need to help developing countries overcome the economic crisis caused by the coronavirus, warning of the risk of "dangerously divergent recoveries." "We cannot allow the world to split in two," he stressed.

She agreed with her in that field with the president of the World Bank, David Malpass, who gave a press conference before he participated in today's session of the G7. "Vaccination efforts are going to have to be sustained well into 2022, and possibly beyond, so there is a need to boost manufacturing capacity," Malpass said.

"It is also very important that research and development continue because virus variants are going to be a problem in 2022," he warned at the same time.

Malpass explained that one of the World Bank programs is the creation of a database that facilitates the donation of vaccines to developing countries.

"We must be able to link surplus production to countries that can use that particular type of vaccine in time, before its expiration date. That is one of the great challenges", he affirmed.

The "Carbis Bay Declaration," described by Downing Street as "historic," included a series of commitments to prevent another health disaster. These include reducing the time to develop vaccines, treatments, and diagnoses, strengthening health surveillance, and reforming the World Health Organization (WHO) to make it stronger. "I am proud that for the first time today the world's leading democracies are united to ensure that we will never again be caught off guard" in the face of a major health crisis, said British Prime Minister Boris Johnson.