$1.4 billion fund has been launched by G20 health and finance ministers on Sunday to tackle the next global pandemic. The 24-nation fund is seen as one of the summit’s early global outcomes. Little movement on the Ukraine conflict is anticipated, and Russian President Vladimir Putin will not be there. Tedros Adhanom Ghebreyesus, and the World Bank, David Malpass.
“The G20 agrees to build a pandemic fund to prevent and prepare for a pandemic. Donors from G20 and non-G20 members, as well as philanthropic organisations, have contributed to the funds. But it is not enough,” Widodo said. “We must ensure community resilience in the face of a pandemic. A pandemic can no longer take lives and destroy the joints of the global economy.” According to him $31 billion was the requirement to gear the upcoming global pandemic. The United States has contributed $450 million to the fund, nearly a third of the total. US Treasury Secretary Janet Yellen said the joint fund was an example of what the G20 can do to tackle global problems. “I am proud of what we have accomplished.
I think the steps we have taken this year will help deliver on a vision of a healthier and more responsive global health architecture,” she said.
When a wave of Delta strain cases hit the country in mid-2021, Indonesia was at one point an epicentre of the Covid-19 pandemic. Jakarta created its own domestic vaccine as lower income countries became frustrated with more developed nations hoarding vaccinations for their citizens as their health systems were overwhelmed by the number of infections. The United States, Britain, India, China, France, Canada, Australia, and Japan are the fund’s top donors. “We meet at a time of multiple crisis, this new dedicated fund is an important tool that will support low and middle income countries to be better prepared for global health crises,” said Malpass, who urged more countries to commit to the fund.