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An unprecedented level of international funding and coordination is now underway to expand the global pandemic response system, with at least $9.5 billion committed by the World Health Organization (WHO), the World Bank, and a Bill Gates-founded vaccine coalition to finance the worldwide surveillance networks, laboratories, and vaccines tied to future pandemic declarations.
The Coalition for Epidemic Preparedness Innovations (CEPI)—founded in 2017 by the Bill & Melinda Gates Foundation, the World Economic Forum, and national governments—announced last week that it is nowseeking an additional $2.5 billionto expand its pandemic vaccine financing programs.
At the same time, WHO Director-General Tedros Adhanom Ghebreyesus on Saturday confirmed that WHO and the World Bank havealready deployed nearly $7 billionthrough their Pandemic Fund.
“Together with the World Bank we established the Pandemic Fund, which has catalyzed investments of almost 7 billion U.S. dollars … in 75 countries,” Tedros said on February 13.
The sheer scale of the funding and the number of countries involved show that the global pandemic response system is being built out in advance, with billions committed and international coordination already underway.
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It’s worth noting how the WHO financially benefits from pandemics.
The orgreceived approximately $7.9 billionin total funding during the 2020-2021 biennium, exceeding its $5.84 billion approved budget by 36% due to massive COVID-19 emergency contributions.
Of this, around $3 billion was specifically for COVID-19 operations, marking an unprecedented surge from pre-pandemic levels.
Source: modernity
