G7 World Leaders urge to release excess COVID19 Vaccines

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The heads of the International Monetary Fund and World Bank on Thursday urged the Group of Seven advanced economies to release any excess COVID-19 vaccines to developing countries as soon as possible, and called on manufacturers to ramp up production.

In a joint statement to the G7, IMF Managing Director Kristalina Georgieva and World Bank President David Malpass also called on governments, pharmaceutical companies and groups involved in vaccine procurement to boost transparency about contracting, financing and deliveries

Malpass and Georgieva will meet in person on Friday and Saturday with finance officials from the G7 countries – Britain, the United States, Canada, Germany, Italy, France and Japan – with the COVID-19 pandemic set to be a central topic.