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World Bank to receive $450 million to start pandemic preparedness fund

TCS Wire

May 17, 2022

Joe Biden announced that the US would give the World Bank $450 million to start a pandemic preparedness fund, which will be run in collaboration with the World Health Organization (WHO).

“We’re increasing our support for [a] new pandemic preparedness and global health security fund that will be established at the World Bank this summer with $450 million in seed funding,” Joe Biden announced at the second Global COVID Summit.

Vice President Kamala Harris also said that the US would work to “shape new international norms” on pandemic-related issues.

WHO Director-General Tedros Adhanom confirmed this and continued, reminding others in attendance that the WHO is still drafting its pandemic treaty.

“At the World Health Assembly this month, WHO will present a plan to strengthen the global architecture for health emergency preparedness response and resilience,” said Tedros Adhanom. “This includes the creation of a financial intermediary fund to support equitable access to life-saving tools in the face of future epidemics and pandemics.”

During the COVID Summit, other world leaders confirmed that they’re in favour of strengthening the WHO after reiterating that “the pandemic is not over” — even though it clearly is.

PM Justin Trudeau also announced that he would waste $732 million in Canadian taxpayers’ money on the Access to COVID-19 Tools-Accelerator (ACT-A).

“We must continue to work together and support the international response to end this pandemic everywhere and for everyone,” Trudeau began.

“Today, I am announcing new and meaningful funding for the Access to COVID-19 Tools Accelerator (ACT-A), bringing Canada’s total contribution to more than $2 billion since the start of the pandemic. Canada is contributing to the international pandemic response and will continue to work with partners to ensure that that we strengthen our collective ability to prevent, prepare and respond to disease outbreaks going forward.”

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