{
  "title": "A Global Strategy to Manage the Long-Term Risks of COVID-19",
  "publication": "IMF Working Papers, April 5, 2022",
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  "summary": "The pandemic is not over, and the health and economic losses continue to grow. It is now evident that COVID-19 will be with us for the long term, and there are very different scenarios for how it could evolve, from a mild endemic scenario to a dangerous variant scenario.",
  "sections": [
    {
      "heading": "Pandemic outlook and core premise",
      "content": "- The pandemic is not over, and the health and economic losses continue to grow.\n- COVID-19 will be with us for the long term, with very different possible evolutions: from a mild endemic scenario to a dangerous variant scenario.\n- This uncertainty necessitates a strategy that manages both uncertainty and long-term risks."
    },
    {
      "heading": "Four key policy implications",
      "content": "- Achieve equitable access beyond vaccines to encompass a comprehensive toolkit.\n- Monitor the evolving virus and dynamically upgrade the toolkit.\n- Transition from the acute response to a sustainable strategy toward COVID-19, balanced and integrated with other health and social priorities.\n- Adopt a unified risk-mitigation approach to future infectious disease threats beyond COVID-19."
    },
    {
      "heading": "Rationale for global collective action and financing",
      "content": "- Infectious diseases with pandemic potential are a threat to global economic and health security.\n- Pandemic financing should be recognized as addressing a systemic risk to the global economy, not just the development need of a particular country.\n- The international community should allocate additional funding to fight pandemics and strengthen health systems both domestically and overseas.\n- Funding needs identified: about $15 billion in grants this year and $10 billion annually after that."
    },
    {
      "heading": "Policy emphasis and strategic priorities",
      "content": "- Expand equitable access to a comprehensive toolkit (not limited to vaccines).\n- Strengthen global surveillance to monitor viral evolution and enable dynamic toolkit upgrades.\n- Rebalance policy from acute emergency measures toward sustainable, integrated health and social priorities.\n- Build a unified global framework for risk mitigation that applies to COVID-19 and future infectious disease threats."
    },
    {
      "heading": "Publication and bibliographic facts (as presented)",
      "content": "- Authors: Ruchir Agarwal, Gita Gopinath, Jeremy Farrar, Richard Hatchett, Peter Sands\n- Date: April 5, 2022\n- Series: IMF Working Papers; Working Paper No. 2022/068\n- Pages: 26\n- DOI: https://doi.org/10.5089/9798400205996.001\n- ISBN: 9798400205996\n- ISSN: 1018-5941\n- Subjects/Keywords: Communicable diseases; COVID-19; Economic sectors; Financial crises; Health; Health care; Population and demographics; Communicable diseases; COVID-19; COVID-19; economic crisis; Global; Health care; omicron scenario; pandemic financing; pandemics; policy implication; risks of COVID-19; systemic risks; toolkit approach\n\nSource: IMF Working Paper \"A Global Strategy to Manage the Long-Term Risks of COVID-19\" by Ruchir Agarwal, Gita Gopinath, Jeremy Farrar, Richard Hatchett, and Peter Sands, April 5, 2022.\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2022/04/04/a-global-strategy-to-manage-the-long-term-risks-of-covid-19-516079"
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    "Authors: Ruchir Agarwal, Gita Gopinath, Jeremy Farrar, Richard Hatchett, Peter Sands",
    "Published: April 5, 2022",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9798400205996.001",
    "The pandemic is not over, and the health and economic losses continue to grow.",
    "COVID-19 will be with us for the long term, with very different possible evolutions: from a mild endemic scenario to a dangerous variant scenario.",
    "This uncertainty necessitates a strategy that manages both uncertainty and long-term risks.",
    "Achieve equitable access beyond vaccines to encompass a comprehensive toolkit.",
    "Monitor the evolving virus and dynamically upgrade the toolkit.",
    "Transition from the acute response to a sustainable strategy toward COVID-19, balanced and integrated with other health and social priorities.",
    "Adopt a unified risk-mitigation approach to future infectious disease threats beyond COVID-19.",
    "Infectious diseases with pandemic potential are a threat to global economic and health security.",
    "Pandemic financing should be recognized as addressing a systemic risk to the global economy, not just the development need of a particular country.",
    "The international community should allocate additional funding to fight pandemics and strengthen health systems both domestically and overseas.",
    "Funding needs identified: about $15 billion in grants this year and $10 billion annually after that.",
    "Expand equitable access to a comprehensive toolkit (not limited to vaccines).",
    "Strengthen global surveillance to monitor viral evolution and enable dynamic toolkit upgrades.",
    "Rebalance policy from acute emergency measures toward sustainable, integrated health and social priorities.",
    "Build a unified global framework for risk mitigation that applies to COVID-19 and future infectious disease threats.",
    "Authors: Ruchir Agarwal, Gita Gopinath, Jeremy Farrar, Richard Hatchett, Peter Sands",
    "Date: April 5, 2022",
    "Series: IMF Working Papers; Working Paper No. 2022/068",
    "Pages: 26",
    "DOI: https://doi.org/10.5089/9798400205996.001",
    "ISBN: 9798400205996",
    "ISSN: 1018-5941",
    "Subjects/Keywords: Communicable diseases; COVID-19; Economic sectors; Financial crises; Health; Health care; Population and demographics; Communicable diseases; COVID-19; COVID-19; economic crisis; Global; Health care; omicron scenario; pandemic financing; pandemics; policy implication; risks of COVID-19; systemic risks; toolkit approach",
    "**Working Paper**"
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