We have seen that countries with higher rates of vaccine coverage have also been able to recover faster from the economic disruption caused by COVID-19, while low vaccination rates have contributed to a drag on recovery elsewhere. Increasing vaccination levels will help drive a sustainable global economic recovery.
Wallis also recommended that the PSB maintain a more general watching brief on the efficiency of the system as a whole. Looking back on the work of the PSB since that time, it has very much followed the original Wallis outline and philosophy. Early work of the PSB focused on credit card systems, leading to a package of reforms in 2003.