The Pandemic Fund sponsored by World Bank and WHO officially launched at the G20 meeting

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The Pandemic Fund sponsored by the World Bank and World Health Organisation was officially launched at Bali, Indonesia on 13 November 2022 at the sidelines of the G-20 Joint Finance and Health Ministers’ Meeting.

The high-level speakers included Indonesia’s Finance Minister Sri Mulyani Indrawati, World Bank Group President David Malpass, WHO Director-General Tedros Adhanom Ghebreyesus, and United States Treasury Secretary Janet Yellen among others.

Pandemic Fund  

The Pandemic Fund has been established by the World Bank in association with the World Health Organisation (WHO) in September 2022.

The fund has been set up to provide assistance to the low and middle income countries to strengthen their preparedness and response (PPR) to the future epidemics and pandemics.

The fund will be used to build and strengthen infrastructure in these countries so that they are better prepared to face the risks of future epidemics and pandemics like covid.

Till date according to the World Bank the fund has received a commitment of $1.4 billion from 24 donor countries including India.

Structure of the Fund 

The World Bank will serve as the Pandemic Fund’s trustee and host the Secretariat, which will include technical staff seconded from the World Health Organization (WHO).

The Governing Board of the Pandemic Fund will be advised by A Technical Advisory Panel headed by WHO. It will comprise leading experts to assess and make recommendations on the technical merits of proposals for funding, ensuring linkages to the International Health Regulations, as part of the broader global PPR architecture.