The Pandemic Fund

The Pandemic Fund launched the application process for the first round of funding with a call for expressions of interest (EoI) in February 2023. The demand for resources was unexpectedly high,  exceeding the available funding of $300 million by 23 times.  While the Pandemic Fund will make fundraising a priority, the high demand also shows that more financing is needed from other/multiple sources. 

Application Process Kicks Off

The G20 Presidency of Indonesia is hosting the official launch the Pandemic Fund on the margins of the G20 Joint Finance and Health Ministers’ Meeting on November 13, 2022 in Bali, Indonesia. 

At the launch, the Pandemic Fund, now with new name and logo, will provide the latest progress the Governing Board has made since its establishment on September 8, 2022, to get operational – an important step toward strengthening global health architecture. 

BALI, November 13, 2022 —The G20 Presidency of Indonesia, in partnership with the Pandemic Fund secretariat, today officially launched the Pandemic Fund at a high-level event, opened by Joko Widodo, President of Indonesia, on the margins of the G20 Joint Finance and Health Ministers’ Meeting.  

Background:

Designed to reflect inclusive and effective governance and operating arrangements with high standards of transparency and accountability; hosted by the World Bank with technical leadership from WHO
 

WASHINGTON, September 9, 2022—The new financial intermediary fund (FIF) for pandemic prevention, preparedness, and response (PPR) was officially established by the FIF Governing Board at its inaugural meeting from September 8-9, 2022. 

Remarks by President David Malpass at the Inaugural Governing Board Meeting of the Financial Intermediary Fund (FIF) for Pandemic Prevention, Preparedness and Response (PPR)
 

Good morning to colleagues joining us from around the world. I am very pleased to welcome you to this Inaugural Governing Board Meeting of the new Financial Intermediary Fund (FIF) for Pandemic Prevention, Preparedness and Response (PPR) at the World Bank. 

Remarks by World Bank Group President David Malpass to G20 Finance Ministers and Central Bank Governors on the Global Economy and Health Agenda

Session 1: Global Economy

Thank you, Minister, both for today’s meetings and for your leadership during a time of crisis. The COVID-19 pandemic and now Russia’s invasion of Ukraine have caused a humanitarian and economic catastrophe. Recessions are likely in many countries. This will put heavy new burdens on fiscal deficits and debt markets. 

World Bank to work together with WHO to set up Secretariat at the World Bank, with WHO as lead technical partner
 

WASHINGTON, June 30, 2022 — The devastating human, economic, and social cost of COVID-19 has highlighted the urgent need for coordinated action to build stronger health systems and mobilize additional resources for pandemic prevention, preparedness, and response (PPR).