Acting on the lessons learned from the COVID-19 crisis and the recommendations of several expert panels — including the Independent Panel for Pandemic Preparedness and Response and the G20 High-Level Independent Panel on Financing the Global Commons — the World Bank’s Board approved on June 30, 2022, the establishment of a new Financial Intermediary Fund (FIF) to mobilize new investments to strengthen pandemic prevention, preparedness, and response (PPR) capacities at national, regional, and global levels, with a focus on low- and middle-income countries (LMICs).
This nascent Global Fund for Pandemic Prevention, Preparedness, and Response (Global Pandemic Fund) is currently under design. Its strength and potential will depend on its vision, focus, structure, and governance — including transparency and inclusivity in all design and decision-making processes — as well as robust and sustainable funding, which experts estimate needs to reach a minimum of US$10 billion annually.
Now is the time for leaders from around the world to support the Global Pandemic Fund so that it can deliver on its promise of addressing critical gaps in pandemic PPR and strengthening country-level capacity. Support from a broader base of countries — as well as from philanthropies and the private sector — is necessary for cementing sustained, global investments in pandemic preparedness as a global public good that bring tangible benefits to all and prevent another deadly and costly pandemic. But to fulfill the Fund’s mission, contributions must also be truly additional to financial commitments for other global health and development priorities and programs.
Based on publicly-available information and intelligence gathered through our Networks, this tracker aims to record pledges made to the Global Pandemic Fund, with the goal of better understanding funding sources and sustainability, and promoting transparency and accountability through regular tracking.
Last updated September 10, 2022
As of this day, the World Bank claims the Global Pandemic Fund has raised pledges of US$1.4 billion. However, only US$1.29 billion have been publicly announced. Further contributions amounting to US$8.71 billion are needed to reach the US$10 billion annual baseline experts have estimated necessary.
16 donors — 12 governments, 3 philanthropic organizations, 1 nonprofit organization, and 0 private sector organizations — have pledged to the Global Pandemic Fund. According to the World Bank, seven additional donors committed to contributing, but their pledges have not been announced. Only Australia committed publicly, without disclosing a specific amount.
While it is crucial that as many countries as possible contribute to the Global Pandemic Fund, G20 and OECD members are essential donors. Because of their roles globally, these countries must set an example in contributing to and sustaining global public goods, such as pandemic preparedness and response. The following map shows the pledge status of such a group of countries.
Financial Intermediary Fund for Pandemic Prevention, Preparedness, and Response Tracker (Global Pandemic Fund)
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- Included pledges have been verified either by a government or multilateral website, and/or the World Bank, and/or a credible top-tier news outlet.
- “Additionality” is defined as additional to existing global health and development spending — the term is used to qualify that the financial resources pledged are new compared to other financial resources already committed to global health, international aid, or other funding mechanisms. Donor-specific budget rules are also considered in the assessment.
More about the Global Pandemic Fund
- World Bank Fact Sheet: Financial Intermediary Fund for Pandemic Prevention, Preparedness, and Response
- Public Comments to the World Bank on the Financial Intermediary Fund (FIF) for Pandemic Prevention White Paper
- An Effective Pandemic Response Must Be Truly Global | Project Syndicate piece by Mariana Mazzucato and Jayati Ghosh | July 20, 2022
- Launching a New Pandemic Preparedness Fund: A Crack in the Cycle of Panic and Neglect? | CSIS Commentary by Carolyn Reynolds and J.Stephen Morrison | June 28, 2022
- A New Fund for Global Health Security and Pandemic Preparedness: Why, What, and How | Pandemic Action Network | May 3, 2022
- Calling for a New Multilateral Financing Mechanism for Global Health Security and Pandemic Preparedness | Pandemic Action Network | August 13, 2021