Inclusivity Urged for Pandemic Fund Management

The pandemic financing gap has prompted G20 members to establish the Pandemic Fund, which has been officially launched in the G2O Indonesian presidency.

KEMENTERIAN KESEHATAN RI

Finance Minister Sri Mulyani Indrawati (left) talks with Health Minister Budi Gunadi Sadikin after giving a press conference on their meeting ahead of the G20 Summit in Nusa Dua, Bali, on Saturday (12/11/2022). The meeting agreed the establishment of the Pandemic Fund, which aims to provide financial support for better handling of pandemics in the future.

NUSA DUA, KOMPAS – The Pandemic Fund, which has been officially initiated during Indonesia’s Group of 20 presidency, is expected to address the global pandemic financing gap in the future. It will be an inclusive fund management, especially to address the financial needs of poor and developing countries so that the goal of providing equal access to the funding can be achieved.

The COVID-19 pandemic has shown the weaknesses of the global health-resilience system. The funding gap in handling the pandemic has been very wide. The World Health Organization (WHO) and the World Bank have estimated US$10.5 billion is needed to bridge the financing gap.