Pleading for a "stronger redistribution of vaccines" to developing countries, France estimated, this Friday in Rome, that it was necessary to release $ 100 billion to help them revive their economies devastated by the coronavirus pandemic.

"The developed countries have devoted 25% of their national wealth to the protection and revival of their economies during the crisis, and the developing countries 2.5%, ten times less", declared the French Minister of the Economy Bruno The Mayor on the sidelines of a meeting of G20 finance and health ministers.

Risks of insecurity and terrorism

"One of the important long-term risks is that, coming out of this crisis, the developed countries are restarting very quickly and very strongly, while the developing countries are facing great difficulties," he said. he argues.

"This great divergence is one of the major strategic risks which can translate into insecurity, terrorism and massive migratory flows", warned Bruno Le Maire.

To “provide concrete answers”, it will be necessary to ensure “better sharing of vaccines for developing countries”.

In addition, "it will take $ 100 billion to help developing countries revive their economic activity."

$ 650 billion in aid

According to Bruno Le Maire, it is essential to "rebalance economic support for developing countries to avoid this great divergence which is a major threat to the stability of the planet in the years to come", he insisted.

The G20 finance ministers approved at their last meeting in Washington in mid-October the initiative of the International Monetary Fund to increase aid to the most vulnerable countries, in the form of a new rights issue. special drawings (SDRs) in the amount of 650 billion dollars.

But unlike their G7 counterparts, who pledged to return 100 billion euros in SDRs to developing countries, G20 ministers did not specify the amount that would be redistributed to them.

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  • epidemic

  • Bruno the Mayor

  • IMF

  • Covid 19

  • Anti-covid vaccine

  • Health

  • Coronavirus