Supply chain woes and growing inflation concerns pushed aside a widening gap in COVID-19 vaccinations and mounting debt problems for developing countries as the top concerns for global policymakers at International Monetary Fund and World Bank annual meetings this week.
World Health Organization chief Tedros Adhananom Ghebreyesus told an IMF forum that the world is falling behind on goals to immunize 40% of the world's population by the end of this year, and criticized wealthy countries for approving third booster shots when much of the world's population has yet to receive a single vaccine dose.
The IMF said a "great vaccine divide" was keeping developing countries mired in low growth as they struggle with high coronavirus infection rates.
"Even if we have to monitor the situation, even if there remains some decisions to be taken on vaccination, especially for the poorest countries, now we are beyond COVID," Le Maire said. But advocacy groups were disappointed with a lack of progress on debt relief for the poorest countries, especially since payments on official bilateral debts will resume for 46 countries in January when the G20 Debt Service Suspension Initiative expires.
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