Given the urgent need to step up investments to strengthen the capacity of developing countries to prevent, prepare for, and respond to future global health threats, and with broad support from the G20 and beyond, the World Bank Board of Directors approved the establishment of a Financial Intermediary Fund (FIF) for Pandemic Prevention, Preparedness and Response (PPR) on June 30, 2022. The FIF is expected to be launched in September 2022.
We are now working to set the FIF up. This process is ongoing and led by the founding donors and supported by an Interim Secretariat at the World Bank and staffed by the World Bank and the World Health Organization (WHO), in consultation with partners and stakeholders.
As part of the proceedings, the European Union (EU) facilitated a hybrid donor meeting in Brussels on July 19-20, 2022 to help prepare for the establishment of the FIF. The meeting allowed for exchanges on the objectives and scope of the FIF and its governance and operating framework. Agreement was reached to further engage partner countries, civil society organizations (CSOs), potential implementing entities, and other stakeholders on the FIF’s design in the coming weeks ahead of its launch.
CSO Consultation for the PPR FIF
The Interim Secretariat for the PPR FIF is pleased to share with you the details, as below, of the official CSO consultation process on the FIF.
The donors tasked with CSO consultation (the Wellcome Trust, the Bill and Melinda Gates Foundation, and the Rockefeller Foundation) are working with the Pandemic Action Network (PAN), the Eastern Africa National Networks of AIDS and Health Service Organisations (EANNASO), Center for Indonesia's Strategic Development Initiatives (CISDI), and WACI Health to convene such consultations.
Two dates and times have been set to engage partners from several geographies and in multiple languages (English, French, and Spanish interpretation will be provided for each session).
The focus of these first two consultations will be the same. Please choose the date and time that works best for you and register at the links provided to receive more information on the format of the session and the attendance link:
1. Tuesday August 16 at 2pm- 3:30pm WIB (Jakarta) / 10am-11:30am EAT (Nairobi) / 8am-9:30am BST (London) — Click here to register
2. Wednesday August 17 at 4pm-5:30pm BST (London) / 11am-12:30pm ET (New York) / 10am-11:30am CDT (Mexico City) — Click here to register
Background on the PPR FIF
The FIF aims to help low and middle-income countries strengthen PPR and fill existing capacity gaps in core domains of the International Health Regulations (2005) at country level, as well as at regional and global levels.
The proposed fund will complement existing financing efforts and institutions and will have the flexibility to work through strong implementing institutions, drawing on their comparative strengths. The FIF is expected to bring additional, long-term, dedicated resources for PPR, incentivize countries to increase investments in PPR, and enhance coordination among partners. While ensuring inclusivity, the FIF’s design will be underpinned by simple and agile governance and operating arrangements.