The Rich World’s Pandemic Imperative
While the advanced economies reckon with the costs of the COVID-19 lockdown phase, developing and emerging economies are facing an even deeper disaster. Without more coordinated multilateral support for indebted countries' budgets and health systems, the world will never overcome the pandemic.
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WASHINGTON, DC – COVID-19 has confronted the world with a horrific crisis. Because developing a vaccine will likely take at least a year, governments need to buy time to keep health-care facilities from being overwhelmed and to minimize the number of people who fall ill and die, not least by reducing the rate of new infections.