The International Monetary Fund’s executive board approved a plan to issue $650 billion worth of reserve funds to help troubled countries buy vaccines, finance health care and pay down debt. If approved by the I.M.F.’s board of governors, as is expected, the reserves could become available by the end of August.
Coronavirus
New York Times: How the IMF plans to build a $650 billion fund to fight the pandemic
A medical staff prepares a dose of the Chinese Sinopharm Covid-19 vaccine during a mass vaccination campaign at the Boris Trajkovski Arena in Skopje on May 6, 2021.
