The International Monetary Fund (IMF) has proposed an ambitious $50bn (R700bn) global initiative to overcome the vaccination divide between rich and poor countries by the first half of 2022.

IMF MD Kristalina Georgieva outlined the plan in an address to a health summit of the European Community and G20 countries in Rome on Friday. She proposed that the $50bn come in the form of grants, from national government resources, and concessional financing...

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