The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, has urged nations across the globe set aside $50bn to vaccinate 40 per cent of the world population, a development she said was key to economic recovery. “If this is done, the IMF estimates that we would enter into a sustainable recovery path and solve the equity problem. I am putting that so that people can imagine the economic benefit of making vaccines available to the world. “The World Trade Organisation would monitor export restrictions and prohibitions. Okonjo-Iweala added that the WTO was asking organisations to reach an agreement with on Intellectual Property issues.

Source: Punch July 13, 2021 23:36 UTC