Home Politics Global health financing after COVID-19, the new Pandemic Fund

Global health financing after COVID-19, the new Pandemic Fund

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By Garrett Wallace Brown, Blagovesta Tacheva, Minahil Shahid, Natalie Rhodes, Marco Schäferhoff

On November 13, 2022, the Group of 20 (G-20) hosted the official launch of the Pandemic Fund, the new World Bank Financial Intermediary Fund to promote pandemic preparedness and response (PPR). At that event Priya Basu, the executive head of the Pandemic Fund Secretariat at the World Bank, suggested that the fund had only received $400 million of the $1.4 billion pledged by donors (well short of the estimated $10.5 billon that was claimed to be required). Moreover, when questioned about whether substantial new moneys would come into the fund or be diverted from existing aid budgets, Basu stated that “this isn’t just sort of shifting money from one port to another. This is new money.”

However, analysis of new official development assistance (ODA) and national level resource management data reveal some worrying trends that could temper this optimism. These trends suggest that not only did ODA peak during COVID-19, but that resources were reallocated to COVID-19 and PPR activities at the global and national level. Furthermore, there is evidence that these shifts are exacerbating existing health vulnerabilities and…



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