The G20 is launching a $1.4 billion fund to reform the health system after the pandemic
In a statement today, Saturday, it said the health and finance ministers of the G20 member states had agreed to set up a special fund for the Covid-19 pandemic “to jointly reform the health system and close the budget gap over the next five years .”
Indonesia’s Health Ministry Secretary-General Kunta Wipawa Dasa Nograha said that “up to twenty donor countries and three non-profit organizations have expressed their willingness to contribute to the pandemic-related fund-raising efforts, totaling 1.4 contribute billions of dollars. ‘ at a meeting in the resort town of Nusa Dua. On the island of Bali, Indonesia, on Friday.
Konta added, “This is important as (the World Health Organization) and the World Bank project a funding gap of about $10.5 billion over the next five years in response to the pandemic.”
Konta said Friday’s meeting was “successful in establishing a fundraising mechanism, establishing a task force and forming a governing board.”
The issue of the pandemic fund is on the agenda of the summit of the leaders of the member states of the group, which includes the world’s twenty leading economies. The summit is scheduled to take place next Tuesday.
Health experts criticized the initiative, saying the pledge to provide $1.4 billion was only a tenth of the estimated funding needs.
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