IMF’s top economist says Covid vaccines are the ‘main weapon’ to achieve a faster economic recovery

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LONDON — With fears over "vaccine nationalism" steadily becoming a reality in 2021, experts have highlighted to CNBC why it's in everybody's interests to make sure adequately supplied inoculation programs are rolled out across the globe.  "Low- and middle-income countries have had the challenge of getting vaccines because of the phenomenon of vaccine nationalism. Most of the developed countries have a lot of the vaccines," Dr. Faisal Shuaib, CEO of Nigeria's National Primary Health Care Development Agency, told CNBC last month.Whereas high income nations have purchased more than 4.6 billion doses of Covid-19 vaccines, low income countries have bought 670 million doses, according to data from the Duke Global Health Innovation Center.And while many western economies, such as the U.K.

and the U.S., hope to vaccinate the vast majority of their populations in the coming months, some countries might not be able to achieve that before 2024, according to the same institution."So, if we are going to eradicate Covid-19 more...