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Monday, June 24, 2024

Treasury Secretary Sees COVID-19 Mass Vaccination Most Powerful Boost for Global Economy

US Treasury Secretary Janet Yellen urged G20 countries to increase support for global vaccination programs, noting that there is “a high unmet need for these initiatives.”

“A fast and truly global vaccination is the most powerful stimulus we can give to the global economy,” says a letter to Yellen’s G20 colleagues.

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She, in particular, expressed concern about the situation in low-income countries, whose economic recovery is delayed due to the lack of access to vaccines against COVID-19.

In her letter, Yellen also stressed the need for a coordinated response to the global crisis and urged 20 countries to maintain substantial fiscal and financial stimulus, and to “avoid prematurely scaling back economic support measures.”

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