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What the Global Pandemic Response Is Missing

While developing countries' debt levels have received ample attention in recent months, little has been said about a more immediate problem: their inability to acquire the medical supplies needed to fight COVID-19. To minimize the negative impact, a non-market allocation mechanism must be quickly established.

WASHINGTON, DC – After ravaging the developed world, COVID-19 is now devastating developing and emerging-market countries, most of which lack the medical and financial capacity to combat the pandemic and its economic effects.