However, a statement issued by Indonesia, which chairs the G20, confirmed that the group had “reached a consensus” on the creation of a new fund to deal with what he called the Funding gap for pandemic preparedness, prevention and response. The most efficient option would be a financial fund under the wing of the World Bank and that the objective was to finalize the details for the meeting of G20 health ministers in June.
The WHO and the World Bank estimated earlier this week that the annual shortfall in funding of pandemic preparedness era of $10.5 billion and that any preparation fund should be financed over five years, which suggested a request from $50 billion.
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The G20 did not elaborate on the size of the new financial intermediation fund, or FIF, or the WHO’s role in it. The WHO recommendations to the G20 earlier this week stated that it was “fundamental” that the fund would not undermine other public health funds. And the importance of the WHO having a decision-making role in the background.
On Wednesday, the president of the World Bank, David Malpasssaid that the fund had a “growing support” and that the body would work with the WHO and other partners in its creation.
Source: Ambito
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