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WASHINGTON, DC, October 18, 2024 — Closing its second round of funding, the Pandemic Fund Board announced on October 17 that it will support Pandemic Prevention, Preparedness and Response (PPR) in 40 countries across six geographic regions. Approved US$418 million in new grants to strengthen capacity. . These grants will provide much-needed investments to strengthen disease surveillance and early warning systems, upgrade laboratories, and develop health workforces. This latest allocation comes from the 128.89 million yen approved on September 19 for five emergency projects to support 10 countries affected by the mpox Public Health Emergency of International Concern (PHEIC). This will be in addition to the US dollar, and the total amount of funding awarded in the second round will be provided to the US. The $547 million would mobilize an additional $4 billion for PPR investment in benefiting countries.
More than 50% of the funding awarded in the second round is for sub-Saharan African countries, the region with the highest demand for Pandemic Fund grants. More than 74% of funded projects benefit low- and middle-income countries. These new investments advance the Pandemic Fund’s objectives of mobilizing additional dedicated resources for the Pandemic PPR, encouraging countries to increase their investments, and strengthening collaboration.
“With this new round of investment, the Pandemic Fund has once again demonstrated its important role in mobilizing additional resources and fostering international cooperation to make the world safer from pandemics,” said Co-chair of the Pandemic Fund. said Dr. Chatib Basri, former Minister of Finance. Dr. Sabin Nsanzimana of Indonesia, Minister of Health of Rwanda; “We are committed to ensuring that the Pandemic Fund’s Technical Advisory Committee and Board of Directors ensure that the selection process is inclusive and transparent and that selected projects are quality, balanced investments that address critical national needs. We commend the efforts to ensure that the Pandemic Fund continues to support more countries and fill other critical preparedness gaps. , we urge you to recapitalize the Pandemic Fund now.”
“The increasing risks of pandemics due to climate change, migration, fragility and conflict highlight the importance and urgency of this new round of investment by the Pandemic Fund. This will provide much-needed support as we work towards meeting our obligations under the International Health Regulations,” said Priya Basu, Executive Director of the Pandemic Fund. “I am pleased that the Pandemic Fund, in collaboration with so many international partners and civil society organizations, is able to provide this second, larger promotional funding round in response to unprecedented national demand. This is a great demonstration of global solidarity.”
The Pandemic Fund’s two previous funding rounds reached US$885 million, with an additional US$6 billion mobilized to support 75 countries, half of which are low- and middle-income countries. These funds will fill capacity gaps for pandemic prevention, preparedness, and response.
The Pandemic Fund was established in November 2022 with strong support from the G20 and other countries and is the first fund dedicated to helping low- and middle-income countries better prepare for future pandemics. Multilateral financial mechanism. The Pandemic Fund, hosted by the World Bank Group, has raised $2 billion in seed capital from 27 sovereign and philanthropic donors and launched a resource mobilization campaign seeking an additional $2 billion in investment deals over the next two years. It started.
The grant from the Pandemic Fund will facilitate co-financing from the government and technical expertise from a range of accredited implementing agencies. The Pandemic Fund Board includes equal representation of sovereign contributors and co-investor countries, as well as representatives of non-foundation/sovereign contributors and civil society organizations.
Projects funded in the second round are listed below in alphabetical order by beneficiary country.
*World Health Organization (WHO); Food and Agriculture Organization of the United Nations (FAO). Asian Infrastructure Investment Bank (AIIB). Asian Development Bank (ADB); United Nations Children’s Fund (UNICEF). World Bank (WB)
** It also contributes to the response to the Marburg epidemic.
contact address:
In Washington: Anita Rozowska, +1 (202) 473-4782, arozowska@worldbankgroup.org;
Broadcast requests: David W. Young, +1 (202) 473-4691, dyoung7@worldbankgroup.org
Website: worldbank.org/pandemicfund
Twitter (X): @Pandemic_Fund
Press release number: 2024/005/HD
