Vaccine and recovery collaborations boost global income by $ 9 trillion by 2025

 International Monetary Fund Director Kristalina Georgieva said that strong global cooperation on vaccines for Covid-19 may accelerate the global economic recovery and add nine trillion dollars to global income by 2025.

Georgieva also called in a press conference after the meeting of the steering committee of the IMF and China to continue the economic stimulus Strong force that could help boost the global recovery

And she emphasized the need to distribute vaccines evenly around the world in both developing and rich countries, to enhance confidence in travel, investment, trade and other activities.

"If we can make rapid progress everywhere, we can accelerate the recovery. We can add nearly nine trillion dollars to global income by 2025, and thus this may contribute to narrowing the income gap between the richest and poorest countries," she said.

She added: "We need strong global cooperation and this is the most urgent today to develop and distribute the vaccine."

The Monetary and Financial Committee of the International Monetary Fund said in its statement that fair and affordable access to treatments and vaccines globally would be essential to avoid long-term damage to the global economy.

Georgieva also said she "does not doubt" that the US Congress and the White House will eventually agree on another spending package, but she is not sure about the timing.

She added that the stimulus spending of about $ 3 billion in the United States earlier this year "was an important positive catalyst and we would like to see how it will continue again."

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