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G20 ministers launch billion-dollar pandemic fund

G20 ministers launch billion-dollar pandemic fund

13 Sept 09:02 Key points summarised by AI
  • G20 health and finance ministers launched a $1.4 billion fund aimed at preventing and preparing for future global pandemics.
  • Indonesian President Joko Widodo, while welcoming the fund, stated it was insufficient, estimating $31 billion is required to adequately tackle the next global health crisis.
  • The fund has garnered contributions from G20 and non-G20 members, including a significant $450 million from the United States, and philanthropic organizations.
  • This initiative is seen as a key outcome of the G20 summit, designed to strengthen health systems and resilience, particularly in low and middle-income countries.
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