Brookings December 7, 2022
On November 13, 2022, the Group of 20 (G-20) hosted the official launch of the Pandemic Fund, the new World Bank Financial Intermediary Fund to promote pandemic preparedness and response (PPR). At that event Priya Basu, the executive head of the Pandemic Fund Secretariat at the World Bank, suggested that the fund had only received $400 million of the $1.4 billion pledged by donors (well short of the estimated $10.5 billon that was claimed to be required). Moreover, when questioned about whether substantial new moneys would come into the fund or be diverted from existing aid budgets, Basu stated that “this isn’t just sort of shifting money from one port to another. This is new money.”
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