The proposal develops pragmatic actions at the national and multilateral level to expeditiously defeat the pandemic. The benefits of such measures at several trillion dollars far outweigh the cost which was estimated to be around $50 billion.
The following figures and tables track progress on the proposed actions and targets set by IMF Staff Discussion Note – A Proposal to End the COVID-19 Pandemic.
1. Where Does the World Stand in Terms of Pre-Purchases of Vaccines? Almost There, but Targeted Actions Needed
SECURED VACCINES AND/OR EXPECTED VACCINE SUPPLY (DOSES, % OF TOTAL POPULATION)
2. 86 Countries Did Not Meet the 40% Target by End-2021
FULLY VACCINATED COVERAGE AT END-2021 (% OF TOTAL POPULATION)
3. The 70% Vaccination Target: About 61% of the World Received 2+ Doses, but About 130 Countries Missed the Target By Mid-2022
SHARE OF PEOPLE VACCINATED (2 OR MORE DOSES OF THE COVID-19 VACCINE, % of TOTAL POPULATION)
4. Despite COVAX offering vaccines to AMC countries, deliveries remain unequal in part due to in country delivery challenges
Cross-Country Distribution of COVAX AMC Deliveries
Source: IMF staff calculations based on UNICEF and COVAX.
Notes: The list includes 88 AMC91 countries who have been allocated doses from COVAX. Two countries are not vaccinating, and the Marshall Islands is covered through other mechanisms. Owing to its size, India has a reduced access as per the December 2020 Board decision. A course equals one dose of J&J or two doses of all other vaccines for comparability. The AMC equal delivery calculation represents the coverage the AMC countries would have received if the total AMC doses were delivered equally across the countries (that is total courses delivered divided by population of the AMC countries represented here).
5. Ensure all countries have equitable access to a comprehensive toolkit to handle all future scenarios
Illustrative Framework
Source: IMF staff. Notes: The decline in mortality risk is indicative.
6. Where Does the World Stand in Terms of Closing the Financing Gaps?
Funding Needs by Pillar and Major Outcome Category (in USD billion)
7. COVID-19 cases are surging in various parts of the world due to Omicron
Ratio of Current Cases to 2020 Peak
Status of 7 Key Broad Actions Identified in the IMF Pandemic Proposal (as of Mid Dec. 2021)