A new roadmap by The Rockefeller Foundation, with support from E3G, is calling for action to end the pandemic by the end of 2022 and kick-starting a just and sustainable global recovery.
The roadmap calls for $44 billion in SDRs through the IMF to achieve 70% vaccination rate in LMICs. It recommends an allocation of $650 billion in SDRs to catalyse a sustainable global recovery.
Today’s launch event will host a number of distinguished speakers including, a conversation with Hon. Wally Adeyemo, US Deputy Secretary of the Treasury.
Today, The Rockefeller Foundation with support from E3G released a new roadmap for financing the end of the COVID-19 pandemic by the end of 2022 and kick-starting a just and sustainable global recovery. An Action Plan for Financing Global Vaccination and Sustainable Growth issues a call to action to leverage $44 billion in special drawing rights (SDRs) through the International Monetary Fund (IMF) in order to achieve a 70% vaccination rate in low- and middle-income countries (LMICs) by the end of 2022. These special drawing rights would be a part of a broader issuance of $650 billion in SDRs to jump start a more inclusive, sustainable recovery in LMICs at no additional cost to wealthy nations, which have spent heavily on their own recoveries.
The roadmap calls for this new allocation to be finalised and distributed as swiftly as possible. Arguing that without it, the pandemic will rage on in these countries, giving rise to variants and supply chain disruptions that threaten efforts to defeat the virus in every country.
The Rockefeller Foundation and E3G will co-host an event today at 4:00 pm CEST/ 3:00 pm BST / 10:00 am ET, to discuss practical steps global leaders can take to finance the end of the pandemic and assure a more inclusive, sustainable recovery. The event will be broadcast live across The Rockefeller Foundation’s social media pages via Twitter, Facebook, and LinkedIn and will be available on this Eventbrite page.
Nick Mabey, Chief Executive of E3G said:
“Without a fair and green recovery there is no chance for a successful COP26 later this year. The Rockefeller Foundation’s new report clearly lays out how we can both end the pandemic and kick-start a more just global economic system that works for the planet and all its people.”