Indonesia pushes to finalize G20 talks on pandemic action fund

JAKARTA, 05 June 2022, (TON): Indonesia is aiming to finalize the setup of a global fund for pandemic preparedness, the health ministry said “ahead of a meeting of G20 Health Ministers later this month.”

Indonesia, which holds the presidency of the Group of 20 biggest economies this year, has been pushing for the establishment of a financial intermediary fund, or FIF, aimed at addressing financing gaps for pandemic preparedness, prevention and action.

G20 countries had provisionally agreed to set up the multibillion-dollar fund in April. Indonesia said the new mechanism will likely be housed at the World Bank and is aiming to finalize details before a meeting of G20 health ministers scheduled on June 20-21.

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