The UAE joins the Epidemic Prevention Strengthening Fund discussions

The UAE joins the Epidemic Prevention Strengthening Fund discussions
The UAE joins the Epidemic Prevention Strengthening Fund discussions

The UAE joins the Epidemic Prevention Strengthening Fund discussions

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The Ministry of Finance and the Ministry of Health and Community Protection attended the second joint meeting of finance and health ministers within the Group of Twenty (G20), held the day before yesterday under the Group’s Indonesian chairmanship, to discuss the latest developments related to the financial Intermediation Fund to Strengthen Epidemic Prevention, Preparedness and Response set up at the invitation of the Group of Twenty, the World Bank and the World Health Organization and to discuss the work of the joint team between finance and health and to set the working group’s priorities for the next year under the Indian G20 Presidency. The UAE delegation also attended the official launch event of the Epidemic Prevention Fund.

The meeting was attended by His Excellency Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, Dr. Yousef Mohammed Al Serkal, Director General of Emirates Health Services Corporation, as well as a number of finance and health ministers from member states, invited countries and representatives of international organizations such as the World Bank Group and the health organization Globalism.

During the meeting, His Excellency Muhammad bin Hadi Al Husseini commended the efforts of the Group of Twenty and concerned authorities in setting up the Financial Mediation Fund, of which the UAE is a founding donor, as he committed an amount of US$20 million to the fund – in record time and comprehensive. His Excellency said: “The governance of the Fund enables low-income countries benefiting from the Fund to participate directly in the decision-making process.” improve the preparedness and capacity of global epidemic response in the future.

Regarding the work of the joint team of finance and health ministries of the G20 countries, His Excellency Muhammad bin Hadi Al-Husseini stressed the need to step up the work team’s efforts with the tasks of the Financial Intermediation Fund Epidemic Prevention, Preparedness and Response His Excellency said : “The need to support investment in the sector’s preparedness is And improving its ability to respond to epidemics in the future is an urgent need that requires the integration of efforts between the Departments of Finance and Health.”

It should be noted that the Group of Twenty commissioned the World Bank and World Health Organization to examine the current gaps in global health systems in response to epidemics and to assess the need to find financing solutions to support epidemic prevention, preparedness and response to improve. Accordingly, the World Bank, in coordination with the World Health Organization, announced the establishment of the Financial Intermediation Fund, which aims to help developing countries be better prepared for epidemic prevention, preparedness and response.

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