GGP | Global Governance
Policy Brief No. 202011
April 23, 2020
本文已发表于China Daily | April 20, 2020
Series on #Global Health Governance# No. 6
Funds for the fight must beefed up
Xiong Aizong
More financial resources are needed to overcome the common challenge faced by all humanity.
Even though vast amounts of resources have been mobilized internationally in response to the worldwide spread of the novel coronavirus, there are still gaps in the prevention, response and alleviation of the impact of the pandemic.
According to estimates by the International Monetary Fund, emerging markets are in need of more than $2.5 trillion in financing, which far exceeds the sum of the reserves and domestic resources of these economies. The United Nations Conference on Trade and Development (UNCTAD) has also called for a $2.5 trillion assistance package for developing countries to help them avoid the worst-case scenario and its possible fallouts. To this end, there is an urgent need for the international community to mobilize resources to overcome this common challenge faced by all humanity.
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