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3 Pandemic Emergency Funds
Pages 13-18

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From page 13...
... (Lane) • The World Bank Pandemic Emergency Financing Facility would buy private crisis insurance for developing countries, allowing payouts to fund response, not losses.
From page 14...
... Speakers in the next session discussed different ways to make money available for pandemic preparedness and response, with particular attention to the tools available to multilateral agencies, insurance tools, and innovative financing. Peters Sands, formerly of Standard Chartered Bank, moderated the first session on the WHO, World Bank, and IMF pandemic financing tools.
From page 15...
... A recent assessment panel suggested that WHO recognize different levels of public health emergency, which would allow for a more gradated response. The auditing procedure for the fund is also still being assessed, but DeLand saw promise in the World Food Programme's pre-audit system, which assigns significant authority to people in the field.
From page 16...
... At the G20 Summit in November 2014, the World Bank and IMF were encouraged to develop more flexible financing tools for pandemics; the G7 Elmau Summit provided a further endorsement for the World Bank to develop the facility. At the time of the workshop, the World Bank had not started fundraising for the facility yet, but Basu explained the goals of the program as increasing investment in public health systems, improving global coordination for epidemic preparedness and response, and creating a new financing mechanism that can deploy money quickly for health disasters.
From page 17...
... In the subsequent discussion, the session moderator asked the panelists about the funding their organizations might make available for preventative measures and health systems strengthening. Basu replied that, while the World Bank's existing financial mechanisms can support health systems strengthening, countries do not necessarily prioritize surveillance and preparedness for an outbreak in their spending; the Ebola crisis highlighted the need for greater investment in this area.
From page 18...
... The WHO fund has a unique advantage of being available not exclusively for outbreaks, but also for response to natural disasters and humanitarian emergencies. The World Bank facility could then provide surge financing, especially in the event that the WHO fund runs low on time or money.


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