Investing in Global Health Security: How to Build a Fund for Pandemic Preparedness in 2022

Investing in Global Health Security: How to Build a Fund for Pandemic Preparedness in 2022 Health experts from around the world have warned for years that countries, regional bodies, and global institutions must invest more in critical capacities to prevent, detect, and respond to epidemic and pandemic threats. [...] The COVID-19 pandemic—with more than six million deaths to date and costs to the global economy estimated by the International Monetary Fund to reach at least $12.5 trillion through 2024—is the latest, and most devastating, crisis to underscore the need to shape and sustainably fund long-term pandemic preparedness capacities globally. [...] The • Define and delineate stakeholder roles and Fund should prioritize resources to the most urgent responsibilities in design and governance to and acute needs, informed by countries, regions, safeguard the equity of governments, regional and needs and gaps assessments. [...] Bank launches an official consultative process to inform recommendations to its Executive Board on • Ensure timely and transparent updates on Fund Fund design, priorities, and governance, this and any activities and achievements to build and sustain future decision making processes should engage not political support and confidence in the Fund and only “traditional” and well-connected stakeholders. [...] • Carefully and deliberately prioritizing the issue • Provide meaningful engagement opportunities of acute needs at the country and regional for governments at all income levels, and civil levels, advancing tangible and near-term society and community organizations through the gains, and distinguishing the added value and World Bank, in collaboration with WHO and other complementarity of the Fund.