Did Uganda Fail To Formulate A Pragmatic Approach To Fight COVID-19?
By Chris Mwesigye Bishaka
According to the IMF, it would cost $50bn to get roughly 70% of the planet’s population vaccinated against the SARS-CoV-2 virus.
The cumulative economic benefit by 2025, in terms of increased global output, would be $9trn, to say nothing of the many lives that would be saved.
Since there are 195 countries in the world today, each country would averagely allocate $257 million to eradicate this scourge, which is much less than what a country like Uganda has so far borrowed to “mitigate” the effects of the pandemic.
Advertising
Obviously, the richer and more populous states like USA, China and India would spend much more than the poorer and less populated ones like Burundi, Haiti and Tuvalu.
