Australia is contributing $50 million to the Pandemic Fund—a new global Financial Intermediary treasury to improve future pandemic prevention, preparedness and response, according to a press release.
The Pandemic Fund is the culmination of global efforts to confirm the world learns lessons from COVID-19.
It is an historic agreement designed to improve preparedness capabilities, to allow swifter and more coordinated responses to future pandemic threats. It will also give additional, long-term financing to help strengthen national, regional and global pandemic preparedness and response.
The Pandemic Fund is hosted by the World Bank and draws on the technical expertise of the World Health Organization.
Photo: Robert Stokoe
