[et_pb_section fb_built=”1″ admin_label=”!!! PLEASE DO NOT EDIT !!!” _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_row admin_label=”!!! PLEASE DO NOT EDIT !!!” _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”TO BE EDITED – SUMMARY – Click on the WHEEL icon to open the textarea where you can paste or type your summary. The summary condenses the main points for the news that starts below. The summary is in bold and not longer than 300 characters, including spaces. The counter at the bottom can help.” _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”||20px||false|false” global_colors_info=”{}”]<\/p>\n
The United States has pledged $667 million, and Germany has committed $54 million to the Pandemic Fund, marking a significant step in its $2 billion resource mobilisation campaign.<\/strong><\/p>\n [\/et_pb_text][et_pb_text admin_label=”TO BE EDITED – TEXT OF THE NEWS – BLOCK 1 – Click on the WHEEL icon to open the textarea where you can paste or type your news. PLEASE USE ONLY THE FEATURED IMAGE FUNCTION on your right column to add the image.” _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”||1em||false|false” global_colors_info=”{}”]<\/p>\n In a crucial move to enhance global pandemic preparedness, the United States has committed up to $667 million and Germany has pledged $54 million to the Pandemic Fund. This initiative aims to raise at least $2 billion to support low- and middle-income countries.<\/p>\n \u201cPresident Biden and I believe that a fully-resourced Pandemic Fund will enable us to better prevent, prepare for, and respond to pandemics \u2013 protecting Americans and people around the world from tremendous human and economic costs. That is why I am calling on all current donors to double their initial pledges and new donors to pledge so that we can reach our $2 billion goal,\u201d said Treasury Secretary Janet Yellen.<\/p>\n Svenja Schulze, Germany’s Federal Minister for Economic Cooperation and Development, emphasised the importance of the Fund: \u201cThe Pandemic Fund is key to achieving better global preparedness for infectious disease outbreaks. Germany significantly steps up its contribution and encourages all G20 partners to join us in strengthening the Fund.”<\/p>\n These commitments were announced as the Pandemic Fund launched its Investment Case resource mobilization campaign during the G20 Finance Ministers and Central Bank Governors meeting.<\/p>\n Ajay Banga, World Bank Group President, highlighted the urgency: \u201cThe Pandemic Fund is making essential investments to strengthen capacity to prevent, prepare for, and respond to disease outbreaks. That\u2019s why we are working urgently to raise at least $2 billion in new funding for the next two years. The Pandemic Fund can use this to catalyse additional resources to fill critical gaps in surveillance, testing, workforce, and surge capacity.\u201d<\/p>\n The initiative received widespread support from G20 Finance and Development Ministers, representatives from multilateral development banks, UN agencies, global health initiatives, and Civil Society Organizations, all recognizing its critical role in global health security. A pledging event is scheduled for October 31, 2024, in Brazil.<\/p>\n Priya Basu, Executive Head of the Pandemic Fund, underscored the collective responsibility: \u201cWe all have a stake in preventing, detecting, and managing health emergencies. That\u2019s the mission of the Pandemic Fund. To maintain momentum, the Pandemic Fund needs a minimum of $2 billion in new funding for the next two years \u2013 a small fraction of the global cost of responding to COVID-19. As we work toward the pledging event on October 31, we call upon all existing donors as well as new funders to help ensure an adequately resourced Pandemic Fund.\u201d<\/p>\n Established in September 2022, the Pandemic Fund is a pioneering multilateral financing mechanism dedicated to pandemic prevention, preparedness, and response in low- and middle-income countries. With initial funding of $2 billion from 27 contributors, the Fund has successfully mobilized $6 from international and domestic sources for every dollar granted, achieving even higher leverage ratios in middle-income and regional projects. A second round of funding is set to be awarded later this year.<\/p>\n [\/et_pb_text][et_pb_text admin_label=”TO BE EDITED – TEXT OF THE NEWS – BLOCK 2 – Click on the WHEEL icon to open the textarea where you can paste or type your news. PLEASE USE ONLY THE FEATURED IMAGE FUNCTION on your right column to add the image.” _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" The United States has pledged $667 million, and Germany has committed $54 million to the Pandemic Fund, marking a significant step in its $2 billion resource mobilisation campaign.In a crucial move to enhance global pandemic preparedness, the United States has committed up to $667 million and Germany has pledged $54 million to the Pandemic Fund….<\/p>\n","protected":false},"author":559,"featured_media":987712232,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[],"tags":[3024,124],"acf":[],"_links":{"self":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987712229"}],"collection":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/users\/559"}],"replies":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/comments?post=987712229"}],"version-history":[{"count":4,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987712229\/revisions"}],"predecessor-version":[{"id":987712247,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987712229\/revisions\/987712247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media\/987712232"}],"wp:attachment":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media?parent=987712229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/categories?post=987712229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/tags?post=987712229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}