Monday, 27 September, 2021

Reopening of Economy

Bangladesh needs to vaccinate 0.6m people daily: IMF

  • Staff Correspondent
  • 29 July, 2021 12:00 AM
  • Print news

Bangladesh has to inoculate some 6,08,796 people per day to reach at least 40 percent Covid-19 vaccination target this year to reopen economy, says International Monetary Fund (IMF).

In its latest World Economic Outlook unveiled on Tuesday, the IMF mentioned that the average daily vaccination rate needs to be 0.36 percent in Bangladesh to reach this year’s inoculation target.

Achieving the vaccination target by the end of 2021 will require sustaining growth in global vaccinations and ensuring their equitable distribution, according to IMF.

Among South Asian countries, Afghanistan needs the highest vaccination rate of at least 0.37 percent population a day, followed by Bangladesh and Pakistan’s 0.36 percent.

IMF said vaccine access has emerged as the principal fault line along which the global recovery splits into two blocks – almost all advanced economies that can look forward to further normalisation of activity later this year and those that will still contend with prospects of resurgent infections and rising Covid death tolls.

India, which has been hit hardest by Covid-19, needs to vaccinate at least 0.30 percent of its population daily.  However, the country has been able to maintain a daily average of 0.38 percent. Meanwhile, Bhutan, the first country to win the fight against Covid-19, has reported only two deaths so far, still needs to maintain an average rate of 0.08 percent daily, followed by the Maldives (0.10 percent) and Sri Lanka (0.33 percent).

In the latest update, the IMF estimated global growth will be 6 percent in 2021, the same as it forecasted in the previous outlook of April.

In the April outlook, the IMF projected a 7.5 percent growth for Bangladesh's economy in the current fiscal year, up from the finance ministry’s 7.2 percent growth estimate for FY22. Bangladesh started Covid-19 vaccination campaign from 7 February this year with Indian supply of Oxford-AstraZeneca jabs. Some 1.5 to 2 lakh people were being a day until it faced a supply crisis in April 2021.

The first dose reached its peak on 17 February with 2,61,945 jabs, while the second dose had been recorded to be the highest in mid-April with 2,21,616 shots.

On Tuesday, 1.81 lakh people were vaccinated by Sinopharm doses, while 59,765 people received Moderna's first dose, meaning that total 2.41 lakh people got vaccinated on the day, while the figure was 2.17 lakh on Monday. 

The IMF recent proposal to end the pandemic, endorsed by the WHO, World Bank, and WTO, sets a goal of vaccinating at least 40 percent of the population in every country by the end of 2021 and at least 60 percent by mid-2022, alongside ensuring adequate diagnostics and therapeutics.