G20 ambitious on plan to roll out pandemic fund this year
PR96703
YOGYAKARTA, Indonesia, June 24, 2022 /PRNewswire=KYODO JBN/ --
Finance Ministers and Health Ministers of the world's 20 largest economies
agree to establish a ground-breaking pandemic fund to help the world better
prevent, prepare for and respond to future pandemics.
Indonesian Health Minister Budi Gunadi Sadikin and Finance Minister Sri Mulyani
Indrawati co-chaired the 1st G20 Joint Finance and Health Ministers' Meeting
(JFHMM), during which G20 member states agreed to the establishment of a
Financial Intermediary Fund (FIF) for Pandemic Preparedness, Prevention, and
Response (PPR) under the trusteeship of the World Bank and technical guidance
of the WHO.
"I am pleased to announce a commitment of over USD 1.1 billion has been secured
for the Financial Intermediary Fund for pandemic PPR." Minister Mulyani said.
Indonesia commits to contribute USD 50 million, Singapore USD 10 million, the
United States USD 450 million, the European Union USD 450 million, Germany Euro
50 million (USD 52.7 millions) and Wellcome Trust £10 million (USD 12.3
million). G20 member states also highlighted that the fund would be inclusive
in nature and allow access middle to low income countries to utilize it.
The JFHMM conclusion will also be discussed at the next Finance Ministers and
Central Bank Governors' (FMCBG) Meeting next month and to be followed up at the
next Joint Finance-Health Task Force (JFHTF) meeting.
Indonesian Health Minister Budi empasized that the G20 JFHTF has made progress
in discussing further the idea of FIF establishment that was first introduced
during 2021 Italian G20 presidency. "I am confident that we will achieve
concrete results by October, which includes the establishment of the FIF and
coordinating platform collaboration," Minister Budi said.
Two meetings also agree on the universal verification of COVID-19 vaccine
certificates, health protocols to ease global mobility, and the expansion of
the Global Manufacturing and Research Hub for PPR, especially the production of
vaccines, therapeutics, and diagnostics to take place in developing countries.
WHO Director General Dr. Tedros Adhanom Ghebreyesus, World Bank, GAVI, CEPI,
The Global Fund and The Bill and Melinda Gates Foundation attended the meeting.
Dr. Tedros said that FIF must also be coherent with other global health
initiatives. "This platform should be built on the experience of the ACT
Accelerator, the Pandemic Influenza Framework and other mechanisms. This is an
important focus of the G20 health track under Minister Budi's leadership," he
said.
SOURCE-The Indonesian Ministry of Health
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Caption: Indonesian Health Minister gave remarks at the 1st G20 JFHMM
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