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Group of Twenty’s Aims to Raise $1.5 Billion to Fight Global Pandemics in Future

Group of Twenty

Recently the world has faced, is facing and waiting to face a new wave of Covid-19 pandemic. This pandemic is not the first one that human beings have seen. So it can be presumed that this will not be the last pandemic they are seeing. Pandemics like this are there to be faced in future. Keeping this in mind funds are being raised by an international forum called Group of Twenty (G20). They decided that they will raise funds and will fight with pandemics in future by being ready for it in advance.

What is Group of Twenty or G20?

The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union (EU). It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.

G20’s step towards handling pandemics

The forum is intended to raise a fund of $1.5 billion so that if in future there is another pandemic, they can finance efforts like surveillance, research, and better access to vaccination for lower-to-middle income countries, among others. As Indonesia is hosting the G20, Indonesian Health Minister Budi Gunadi Sadikin took the responsibility to make the announcement. He also said that until now the United States, European Union, Indonesia, Singapore and Germany have pledgeIndonesian Health Minister Budi Gunadi Sadikin said in an interview the United States, European Union, Indonesia, Singapore and Germany have pledged about $1.1 billion to the fund about $1.1 billion to the fund.

What Health Minister Budi Gunadi Sadikin is saying?

He said, “Pandemic is a war, and we have to be ready with enough money when war happens,”. He also said, “If we can get by the end of this year $1.5 billion of fresh funding, we will be very, very happy,”

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