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G20 pandemic fund set to launch this month: Sri Mulyani
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Finance Minister Sri Mulyani Indrawati. (Courtesy of Finance Ministry)
The Group of 20 nations are finalizing a financial intermediary funding (FIF) initiative intended to ensure that the world is better prepared for future pandemics, and they expect it to come into effect in June, Finance Minister Sri Mulyani has said.
The group has provisionally agreed to establish a multibillion dollar fund that health officials say will help finance pandemic surveillance, research and improved access to vaccination for lower-to-middle-income countries, among other measures.
According to Sri Mulyani, a G20 finance and health ministers' meeting on Tuesday discussed ways to close the pandemic resource gap between high- and low-income countries.
She added that the group was seeking to accommodate a variety of voices with regard to the fund’s use, so that it was “not dominated by the founder or the contributor but also included the recipient".
Sri Mulyani noted that the board of the World Bank would have to approve the FIF initiative’s design before it was established. The World Bank will manage the fund.
