It will take US$15 billion in grants this year and another $10 billion annually after that to establish and maintain an adequate toolkit to respond to COVID-19 and address future pandemic threats, according to four organizations focused on global health and the economy.
a working paper published on Tuesday
In the paper, the four global groups said that ending the pandemic everywhere remains an urgent economic, health and moral priority for the world. "The cost to the economy of more general disruptions and the war in Ukraine is going to be very significant," Gopinath said, adding that the estimated cost of the pandemic would also rise.
Gopinath said countries need vaccines, tests, treatments and an improved health infrastructure to tackle COVID-19 and other deadly diseases.
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