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Budi points to G20 health deals' significance for investment
In highlighting the G20's achievements in the health sector, the Indonesian health minister pointed to the large potential for health investments as regards the country's massive population.
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Indonesian Health Minister Budi Gunadi Sadikin addresses the audience in a panel discussion at the Business 20 (B20) Summit in Nusa Dua, Bali, on Nov.13. (B20 Secretariat/-)
Health Minister Budi Gunadi Sadikin has seized the 2022 Group of 20 (G20) Bali Summit to give international investors a heads-up for massive opportunities that lay ahead in Indonesia’s health sector.
Addressing a global audience in Nusa Dua on Sunday morning, Budi noted that the G20 had agreed on the need for just and equitable access to emergency medical countermeasures for future pandemics, including diagnostics, vaccines and therapeutics, which would “be growing very, very fast globally”.
The health minister was speaking at the Business 20 (B20) Summit representing the G20 business community and organized by the Indonesian Chamber of Commerce and Industry (Kadin).
Speaking just a few hours after accompanying Finance Minister Sri Mulyani Indrawati at the G20 Joint Finance and Health Ministers’ Meeting the evening before, he hailed several “deliverables” achieved under Indonesia’s G20 presidency this year.
He underlined that the G20 had decided to set up a financial intermediary fund (FIF) for pandemic prevention, preparedness and response (PPR), also called the pandemic fund, with initial pledges of US$1.4 billion from 24 institutions, making it the largest financial intermediary fund hosted by the World Bank.
Budi also expressed his hope that global pledges would increase to $10 billion in the coming years to cover the funding gap “to prepare the world for a future pandemic”.
Furthermore, he stressed that the international forum had agreed on the need for a global health surveillance system for pathogens by establishing cooperation in sharing information between labs in different countries.
