Global pandemic fund to open for investment proposals in November
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Global pandemic fund to open for investment proposals in November
Subject- Health
- A new fund for pandemic prevention, preparedness and response hosted by the World Bank will invite investment proposals from November 2022 as per the World Health Organization (WHO).
The financial intermediary fund (FIF)
- It is built to financially boost efforts in low- and middle-income countries to prevent, control and prepare for pandemics such as COVID-19.
- The fund pooled in financial support from the G20 countries and some other nations.
- Apart from G20 countries, the Bill & Melinda Gates Foundation, the Rockefeller Foundation and Wellcome Trust have committed to support the initiative.
The treasury will also combine the roles of institutions involved in pandemic research for:
- Provide complementary support
- Improve coordination among partners
- Incentivise increased country investments
- Serve as a platform for advocacy
- Help focus and sustain much-needed, high-level attention on strengthening health system