Commitments for the financial intermediary fund (FIF) for pandemic prevention, preparedness, and response (PPR) have now reached nearly US$1.28 billion, Finance Minister Sri Mulyani Indrawati has informed.
“(The amount) includes additional (funding commitments) that several member states conveyed at the third meeting of the G20 Finance Ministers and Central Bank Governors (3rd FMCBG),” she said during a press conference on the outcome of the 3rd G20 FMCBG Meeting in Nusa Dua, Bali, on Saturday.
The funding commitments came from the United States, the European Commission, Germany, Indonesia, Singapore, Britain, Welcome Trust, and the Bill and Melinda Gates Foundation.
The additional funding commitments made at the 3rd G20 FMCBG meeting came from Italy, China, the United Arab Emirates, Japan, and South Korea.
During the meeting, G20 member states reiterated their commitment to use all available policy apparatuses to deal with economic challenges in order to maintain financial stability and fiscal balance in the long run.
The G20 nations also discussed the establishment of the FIF for pandemic prevention, preparedness, and response, Indrawati said.
The FIF is a concrete step toward building the global health architecture and enhancing pandemic prevention, preparedness, and response by ensuring sufficient, sustainable, and coordinated financing for post-pandemic recovery.
“We will keep discussing FIF good governance and operation control as a further step. Hopefully, it can be launched this year,” she said.
Source: Antara News