The G20 Joint Finance-Health Task Force (JFHTF) is actively working towards optimizing financing mechanisms to address various health challenges, especially in low and middle-income countries.
The G20 Member nations have strongly emphasized the need for swift and sufficient funding, particularly in light of the lessons learned from the COVID-19 pandemic. During recent discussions between G20 finance and health ministers, several measures to address future health-related emergencies, similar to the COVID-19 outbreak, were explored. Key announcements regarding funding for countries, particularly to assist low and middle-income nations, are anticipated at the upcoming G20 Leaders’ summit.
The task force serves as a platform for enhanced collaboration between the finance and health sectors. Its role, as outlined in previous discussions among G20 health ministers, involves mitigating economic vulnerabilities and pandemic-related risks while improving preparedness for large-scale pandemic responses. This includes exploring ways to optimize pandemic response financing mechanisms, coordinate efforts, and enhance them when necessary.
The 18th summit of the G20 leaders was held in New Delhi, India last week (9 to 10 September). Indian Presidency hosted the G20 Joint Finance and Health Ministers Meeting, attended by Health Ministers and Finance Ministers (virtually) on 19th August 2023, in Gandhinagar, Gujarat.