October 6, 2021

A 100-Day Proposal for Reviewing, Designing and Launching the Establishment of a Financial Intermediary Fund for Global Health Security and Pandemic Preparedness

This is a non-paper intended to transparently share information and steps toward establishing a Financial Intermediary Fund (FIF) for Global Health Security and Pandemic Preparedness. It was developed through a consultative process and does not represent official positions of the governments involved. Rather, it is intended to provide an action plan to begin taking the steps toward launching the establishment of a Financial Intermediary Fund in 2021, including as outlined in expert reports and as recently called for by some leaders during the September 22, 2021 Global COVID-19 Summit. To bolster additional discussion, this document was prepared by the United States and Norway in consultation with an initial group (dubbed “Action Team”) comprised of interested countries, regional organizations, non-governmental organizations, and expert stakeholders.

COVID-19 has underscored the need for urgent collective action to prevent, detect, and rapidly respond to pandemics. There is unequivocal consensus that mobilizing additional, predictable, and sustainable financing is critical for more effective and equitable pandemic preparedness and response and to achieve global health security. 

This document outlines a time-bound plan for reviewing, designing, and establishing a new multilateral Financial Intermediary Fund for Global Health Security and Pandemic Preparedness, with the World Bank as trustee. Read the draft non-paper for consultation here.