World Bank’s Pandemic Emergency Financing Facility Represents Innovative Approach To Rapid Response To Health Threats
Washington Post: A worthy legacy of the Ebola catastrophe
“One of the most disturbing lessons to emerge from the Ebola virus disease epidemic in West Africa in 2014-2015 was how unprepared the world was for it. … The [World Bank] has announced the issuance of $500 million in specialized bonds and derivatives that will help poor countries cope with a pandemic such as Ebola. The effort will create a trust fund, the Pandemic Emergency Financing Facility, that can be quickly deployed for pandemic response, complementing the WHO fund. … One big advantage is that instead of waiting around for slow-moving national governments to fund a disease response, the resources necessary for saving lives will be available quickly, when they can do the most good. … Of course, money isn’t everything — political decisions, biomedical research, proper alerts, and communication are also critical factors in a rapid response. But having a robust fund to send in the first teams is a promising and innovative step forward by the World Bank, and a worthy legacy of the Ebola catastrophe” (7/6).
The KFF Daily Global Health Policy Report summarized news and information on global health policy from hundreds of sources, from May 2009 through December 2020. All summaries are archived and available via search.