This share prices have a 15 minute delay and are shown in the local time of the market in which the quote is displayed.
Expanding global vaccination to recover the economy
Kevin Watkins, CEO of Save the Children UK, publishes an article in Project Syndicate to advocate for better access to vaccines globally, as the current distribution of vials is "ethically indefensible" and is "epidemiologically short-sighted and economically ruinous”.
Among the highlights of the article would be:
- The current distribution of vaccines is "epidemiologically short-sighted and economically ruinous". The risk of having large segments of the population unvaccinated may lead to the emergence of new, more vaccine-resistant Covid-19 mutations.
- Expanding vaccinations would reduce major setbacks in poverty, health and education, boosting economic recovery. Up to $9 trillion would be added to global output by 2025 according to the International Monetary Fund.
- Basic arithmetic shows that everyone can be vaccinated. According to Airfinity, a data analytics firm, 12 billion vaccines will be produced in 2021 and this production will double by 2022. For Watkins this is "more than enough to achieve the international target of 40% coverage by the end of this year and 60-70% by mid-2022."
- The CEO of Save the Children UK lists three priorities that should be met to achieve more equitable access to vaccines and fight Covid-19 more effectively:
- Vaccine distribution must be aligned with the goal of 40% coverage in all countries by the end of this year. Rich countries need to adjust their schedules to allow vaccine manufacturers to ship vaccines to developing countries and COVAX.
- Large-scale, internationally coordinated dose distribution. The EU, the United Kingdom, and the US should immediately share additional 250 million doses –less than one-quarter of their collective surplus– through COVAX by the end of September”.
- Strengthen health systems through investments in material, human capital and infrastructure. Investments in health systems are also necessary “to get vaccines into arms."
Filter results
According to Kristalina Georgeva IMF Managing Director, lifting growth requires three things: one, regulatory housecleaning to unleash private enterprise; two, deeper regional integration; and three, preparedness to harness AI.
According to The European House – Ambrosetti, the European Union has an opportunity to boost competitiveness and growth by simplifying regulatory and supervisory frameworks, particularly in the areas of sustainability and the financial sector.
According to Ramón Casilda Béjar, Spain, in today’s complex geopolitical landscape, has the opportunity to strengthen its role as a bridge and connecting country between Ibero-America and the European Union, revitalizing investment flows in both directions.
According to @ECB, in moments of acute stress, the public often turns to physical currency as a reliable store of value and a resilient means of payment, underscoring the crucial role it plays above and beyond everyday transactional convenience
According to Juan S. Mora-Sanguinetti, in Spain a 10% increase in regulatory volume leads to a 0.5% drop in employment in companies with fewer than 10 employees.
According to Hélène Rey “In a world where stablecoins, particularly those pegged to the dollar, become an important global payment tool, we must brace ourselves for substantial consequences”.
@judith_arnal proposes reforms for the EU to advance regulatory simplification, starting with consensus on its meaning, with competitiveness as a pillar, plus coordination mechanisms and a governance rethink.
According to @iee_org, Spain has one of the most demanding tax environments for businesses within the European and international context, which may have significant implications for competitiveness, foreign investment attraction, and business expansion.
According to Christine Lagarde for the euro to gain in status, Europe must take decisive steps by completing the single market, reducing regulatory burdens and building a robust capital markets union.
According to the Bank of Spain, in a context of strong growth in transactions and prices, the conditions under which new mortgage loans are granted currently show no signs of easing in lending standards.
McKinsey notes that European private capital is half the size of the U.S. and must play a key role in boosting competitiveness, by driving innovation, scaling firms, and mobilizing the investment needed to close the gap with other regions.
IMF states that global financial stability risks have grown significantly, driven by tighter financial conditions and heightened trade and geopolitical uncertainty.