G20 Health and Finance Ministers Agree to Launch Pandemic Fund

G20 Health and Finance Ministers Agree to Launch Pandemic Fund

PRESS RELEASE NO.47/SP/TKMG20/11/2022
G20 COMMUNICATION AND MEDIA TEAM

 

Marves -Nusa Dua, November 11, 2022 – The G20 health ministers have agreed to establish the pandemic fund. The fund will be commonly used to provide solutions to the health system and close the budget gap for the following five years, based on how the COVID-19 has been handled in the previous two years.

At the #G20 updates press conference, Secretary General of the Ministry of Health Kunta Wibawa Dasa Nugraha stated that this agreement was the outcome of the second Head Ministerial Meeting in October 2022 and will become the agenda of discussions at the G20 High-Level Conference (KTT) in Bali. Up to 20 donor countries and three philanthropists expressed willingness in contributing to the effort to raise "pandemic fund" totaling US$1.4 billion.

"The agreement is an excellent place to start because the fund discussion has already garnered such a significant commitment in just a few months. This ‘pandemic fund’ commitment is included in the agenda of the G20 leaders’ summit," said Kunta, Friday, Nov. 11.

The donor countries are Australia, Canada, European Commission, France, Germany, China, India, Indonesia, Italy, Japan, Korea, New Zealand, Norway, South Africa, Singapore, the United Kingdom, Spain, the United States, and UAE. Meanwhile, the three philanthropies are the Bill & Melinda Gates Foundation, the Rockefeller Foundation, and the Wellcome Trust.

He continued that the six main outcomes of the G20 health agenda may potentially be supported by this pandemic fund. The agenda includes efforts to improve genetic surveillance, encourage the mobilization of health resources for medical countermeasures, and expand research and manufacturing networks for vaccines, therapies, and diagnostics (VTD).

All nations are aware of the need to improve the global health architecture since the COVID-19 pandemic that has been sweeping the globe since the beginning of the year 2020. Kunta stressed that the pandemic has negative socio-economic impacts. Hence, along with the issues of the sustainable energy transition, digital transformation, and economic issues, the new and improved setting of global health architecture is one of the priorities.

"This is significant because the WHO and the World Bank projected a pandemic financing gap of around US$10.5 billion over the following five years during the implementation of the high-level independent panel of the G20. To close this gap, contributing countries are expected to be able to balance the distribution of health services in times of emergencies," he added.

 

Kunta stated that the meeting was successful in creating a mechanism flow of fundraising, creating a task force and a government board. In the meeting a commitment of raising US$1.4 billion in the pandemic funds has been agreed .

Ministers are aware that the virus knows no borders, Kunta added. Therefore, to create a more resilient health architecture in order to combat pandemics in the future, awareness and coordinated actions are required. Countries must work in partnership if the globe is to be rid of the pandemic.

The evaluation of the Access to COVID-19 Tool Accelerator (ACT-A) was another commitment made at the Health Ministerial Meeting. Based on experiences on COVID-19, countries around the world not only lack funding but also have trouble   acquiring medical supplies. Therefore, , all nations in the future must have equal access to medical care in an emergency.

"The ACT Accelerator concept should be more permanent and sustainable. This is more about health resources. This is crucial so that, in addition to the funds we already have, the resources for health can be used by or distributed to all nations," Kunta added.

Kunta further explained that the G20 health ministers also concurred on the significance of advancing genomic surveillance. Here, what is emphasized is the importance of interdisciplinary cooperation between countries for pandemic prevention, preparedness, and response. This requires capacity building, scientific partnerships, and knowledge sharing.

Indonesia’s G20 presidency promotes the importance of surveillance in order for countries to support the timely exchange of pathogen data on a reliable platform. However, Kunta emphasized that we not only encourage sharing of pathogens but also support benefit sharing, which is advantageous not only between countries but also for global and regional benefits.

On the other hand, Kunta said that Indonesia through Bio Farma is developing a vaccine research and manufacturing center. Along with South

Africa, Indonesia is one of the countries that receives WHO mRNA manufacturing.

At the conclusion of the JFHMM meeting, the health and finance ministers will mutually agree on this pandemic fund so that this fund can officially be directly utilized by countries for readiness and vigilance to fight future pandemics.

 

 

 

About #G20Updates:

G20 Updates consists of routine press conferences, press releases, infographics and videos produced by G20 Communications and Media Team.It is aimed to provide comprehensive information regarding preparations and issues related to G20 Summit held in Bali, Indonesia on November 15-16, 2022.

***

 

 

Contact person:

Director General of Public Information and Communication of the Ministry of Communications and Informatics -- Usman Kansong (0816785320).

Find more information at https://infopublik.id/kategori/g20

 

Kemenko Bidang Kemaritiman dan Investasi Kemenko Bidang Kemaritiman dan Investasi
Berita Terpopuler Marves

2022 © KEMENKO MARVES RI - Copyright All Rights Reserved