Pandemic fund vastly oversubscribed, more money needed: World Bank - News Summed Up

Pandemic fund vastly oversubscribed, more money needed: World Bank


More than 100 low- and middle-income countries have put in early bids for at least $5.5 billion from a fund that initially has only $300 million to spend to help them better prepare for pandemics. The demand is a sign that pandemic prevention, preparedness and response needs more money and attention, the head of the fund's secretariat at the World Bank, Priya Basu, said. The fund is one of a host of global initiatives being set up to help prevent a COVID-19 rerun, alongside a binding agreement being drafted by World Health Organization (WHO) member states and plans to speed up vaccine manufacturing.


Source: bd News24 March 07, 2023 19:00 UTC



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