Economics
World Risks Uneven Rebound on Vaccine Deficit, IMF Head Says
- Unequal access to shots could leave developing nations behind
- Risks include social unrest, reversal to years of progress
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Rich countries are poised to recover from the global pandemic much faster than poor ones based on better vaccine access -- and policy makers need to act to avoid deepening inequality between nations, the head of the International Monetary Fund said.
Governments and multilateral organizations must help developing nations accompany advanced ones in transitioning to a more inclusive, digitalized, green economy, IMF Managing Director Kristalina Georgieva said in a round-table with reporters on Friday. Countries need to revitalize international cooperation, Georgieva said -- a goal that President Joe Biden’s administration also has identified for the U.S., the fund’s largest shareholder.