The Pandemic Fund announces 500 million dollars in 2nd round of funding

The Pandemic Fund’s Governing Board has approved a $500 million grant for its second round of funding, aiming to assist low and middle-income countries in enhancing pandemic preparedness. The online application portal opens in late February, closing on May 17, 2024, with plans for subsequent funding rounds in 2024 and 2025.

The Pandemic Fund has announced a second call for proposals with a substantial $500 million grant to address the escalating demand for pandemic prevention and preparedness in low- and middle-income countries. This multi-stakeholder partnership, mobilizing $2 billion from sovereign contributors and philanthropies, emphasizes high-impact investments in early warning systems, disease surveillance, and workforce capacity. The inclusive governance structure involves governments, the World Bank, WHO, UN agencies, development banks, global health initiatives, philanthropies, and civil society organizations.

Following an oversubscribed first call, where $338 million grants were awarded to 19 applicants across 37 countries, the second call aims to maximize impact while accommodating lessons learned. The Fund is encouraging unsuccessful first-round applicants to reapply using received feedback. The Governing Board will decide on funding allocations in June, with announcements by October 2024. With an unwavering commitment to leaving no one behind during health emergencies, especially in low- and middle-income countries, the Pandemic Fund underscores the importance of sustained efforts. Future funding rounds in 2024 and 2025 are anticipated, contingent upon available resources, as the world grapples with multiple crises. For detailed application guidance, interested parties can refer to the provided Guidance Note and Call for Proposals.

Website: worldbank.org/pandemicfund