US pledges $667 million to ‘The Pandemic Fund’

Written by James Roguski on November 5, 2024. Posted in Current News

As a proud co-founder and supporter of the Pandemic Fund, the United States has pledged up to $667 million towards the Fund’s current replenishment

At the G20 Finance and Health Ministers’ Joint Meeting, the Pandemic Fund announced that it has mobilized $2.8 billion over the past three months in new international financing for low- and middle-income countries to strengthen critical pandemic prevention, preparedness, and response capacities.

The additional resources include commitments from 10 countries amounting to $982 million, and co-financing from international organizations totaling over $1.8 billion.

Pledges from sovereign contributors were as follows:

1. $667 million from the United States (reaffirming their pledge announced at the start of the campaign in July)
2. $50 million from Japan
3. $12 million from India
4. $10 million from Singapore CLICK HERE to watch video
5. AUD 60 million from Australia
6. EUR 100 million from Italy which announced its intention to pledge in the same range as its former contribution in the coming months
7. EUR 50 million from Germany (reaffirming their pledge announced at the start of the campaign in July)
8. EUR 5 million from Spain
9. EUR 300 thousand from Portugal is (a first-time contributor to the Pandemic Fund)
10. NOK 240 million from Norway

In addition, the governments of Brazil and Canada signaled their intentions to announce new pledges in the coming months.

The European Commission, France, Indonesia, and the Republic of South Africa expressed their strong support for the Pandemic Fund and called for urgent action from sovereign and non-sovereign contributors to provide additional resources.

Private sector organization PhRMA signaled its support and intention to partner with the Pandemic Fund, including through future financial contributions.

See more here substack.com

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