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David Holmes

IMF, World Bank urge G7 to release surplus vaccines

The heads of the International Monetary Fund and World Bank on Thursday urged the Group of Seven advanced economies to release any excess COVID-19 vaccines to developing countries as soon as possible, and called on manufacturers to ramp up production. In a joint statement to the G7, IMF Managing Director Kristalina Georgieva and World Bank President David Malpass also called on governments, pharmaceutical companies and groups involved in vaccine procurement to boost transparency about contracting, financing and deliveries. “Distributing vaccines more widely is both an urgent economic necessity and a moral imperative,” they said. “The coronavirus pandemic will not end until everyone has access to vaccines, including people in developing countries.” Malpass and Georgieva will meet in person ...

Myanmar army battles anti-coup rebels as armed resistance grows

Myanmar’s army battled local militia fighters in the northwestern town of Mindat on Saturday, residents said, to try to quell a rebellion that has sprung up to oppose the junta which seized power in the Southeast Asian country in February. The fighting is some of the heaviest since the coup and underlines the growing chaos as the junta struggles to impose order in the face of daily protests, strikes and sabotage attacks after it overthrew elected leader Aung San Suu Kyi. “We are running for our lives,” one resident told Reuters from Mindat, a hill town just over 100 km (60 miles) from the border with India. “There are around 20,000 people trapped in town, most of them are kids, old people,” the resident added. “My friend’s three nieces were hit by shrapnel. They are not even teens.” The ju...