New alliance of multilateral institutions warns vaccine inequity could curb economic recovery

The worldwide economic recovery will be massively held back unless world leaders do more to end the growing divergence of vaccine distribution, a new alliance of the world multilateral institutions has said.

The International Monetary Fund director, Kristalina Georgieva, said the G7 agreement in Cornwall to distribute 870m surplus vaccines this year was not enough, and urged the broader G20 group to show more ambition when she spoke alongside the heads of the World Bank, the World Health Organization and the World Trade Organization (WTO).

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