G20 unveils global pandemic fund to avoid repeat of Covid pandemic

Funds will be used to help countries prevent future pandemics; fundraising currently at $1.4 billion

The Group of 20 nations has raised $1.4 billion for a global pandemic health fund to help avoid a repeat of the Covid-19 outbreak that killed over 6.6 million people and crippled the world economy. 

The World Bank will manage the fund to help low- and middle-income countries prevent and address future pandemics, drawing commitments from more than 20 country donors, the Bill & Melinda Gates Foundation and the Rockefeller Foundation, among others. More pledges are expected.

“The amount that has so far been accumulated is just the starting figure,” said Sri Mulyani Indrawati, finance minister of Indonesia, the host nation and