'I expect bigger support,' says Indonesia President Joko Widodo in a video address.
pandemic fund that the amount of money raised so far to improve preparedness for future pandemics was not yet sufficient.
The fund launched by G20 chair Indonesia is targeted at low-to-middle-income countries to finance efforts like surveillance, research, and better access to vaccines, among other measures. “I expect bigger support,” the president said in a video address to an event in Bali where the G20 holds a summit this week.
The fund has raised about $1.4 billion so far, including contributions from Indonesia, the United States and the European Union, as well as from donors and philanthropic organizations like the Bill and Melinda Gates Foundation.COVID-19 pandemicThe World Bank, which will serve as the fund’s trustee, and the World Health Organization , which is advising on the facility, estimated in a report that the annual funding gap for pandemic preparedness is $10.5 billion.
Indonesia’s Finance Minister Sri Mulyani Indrawati said the fund is expected to increase in size with contributions from France and Saudi Arabia. She did not specify by how much.
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