Prime Minister Ahmed places on a table an excellent agenda for the Global Health Pledging Conference that would take place on May 4th. As he argues, the agreements in the Conference should include, first of all, debt relief beyond what was agreed by the G-20 and including at least next year's payments. It should include also larger amounts of ODA and a larger grant element in new lending. A large emission of SDRs would also make a contribution to developing countries, and should include an agreement for developed countries to donate the SDRs they receive to support aid to developing countries. And, not least of all, it should include significant cooperation in the health area, including supporting the provision of ventilators, test kits and, when available, vaccines, to developing and, particularly, low-income countries. Avoiding monopolies and trade restrictions of these health inputs is essential.
José Antonio Ocampo
José Antonio Ocampo, a former finance minister of Colombia and United Nations under-secretary-general, is a professor at Columbia University, Chair of the UN Committee for Development Policy, and Chair of the Independent Commission for the Reform of International Corporate Taxation. He is the author of Resetting the International Monetary (Non)System (Oxford University Press, 2017) and co-author (with Luis Bértola) of The Economic Development of Latin America since Independence (Oxford University Press, 2012).