What Is A Pandemic Fund? This Is An Explanation, Benefits, And Goals

World health illustration (PIXABAY)

YOGYAKARTA In the G20 Summit which was held in the Nusa Dua area, Bali, President Joko Widodo (Jokowi) launched a pandemic fund. Then, what is a pandemic fund launched at the G20 Bali Summit and what is the purpose behind the program?

In general, a pandemic fund is an important instrument in the form of pandemic funds to prepare and respond to the next pandemic to be better.

The pandemic fund was formed by the G20, which was motivated by the heaviest disruption in the past century in the form of the COVID-19 pandemic. The pandemic fund was launched by the President at the moment of the G20 Bali Summit on Sunday, November 13.

In the pandemic fund there are joint leaders namely Rwanda, Chatib Basri and Minister Daniel Ngamije. They will accommodate proposal submissions for countries that need the benefits of the Pandemic Fund.

The pandemic funds formed by the G20 were collected from dozens of contributors, namely members of the G20, non-G20 countries, and three world philanthropic institutions. From this set, funds amounted to US$1.4 billion.

Unfortunately, for now, the amount of funds collected is still insufficient. This is based on the figures obtained from the results of a study conducted by the World Bank and the World Health Organization (WHO) in early 2022. Based on the study, the financing needed to anticipate a large pandemic reached 31.1 billion US dollars per year.

Funds are used for various needs such as financing a prevention system, preparedness, and responding to future pandemics.

As mentioned earlier, this pandemic fund is used to deal with future pandemics.

Quoted from worldbank.org, pandemic funds are an important part of the solution to reduce the risk of epidemics and pandemics in the most vulnerable parts of the world. In addition, pandemic funds will also contribute to healthier and safer world conditions.

Judging from the COVID-19 incident, the biggest weakness that has occurred, especially in low- and middle-income countries, pandemic funds are intended to strengthen the capacity of these countries in order to mitigate the risks of global health threats in the future.

Pandemic fund is also related to the Pandemic Prevention, Preparedness and Response (FIF MPR) which was formed based on an agreement on the G-20 in June. The purpose of establishing the PPR-FIF is to help low and middle income countries strengthen the development of pandemic mortgages.

President Commissioner of PT XL Axiata Tbk. Chatib Basri, who was elected as Co-chair of FIF PPR, explained that the establishment of FIF was considered a real action for the G20 to deal with the unprecedented COVID-19 pandemic.

Similarly, Minister of Health Budi G. Sadikin explained that the existence of a pandemic fund is a turning point in the global health architecture to combat the next pandemic. Especially considering that the COVID-19 pandemic affects the global economy to the world financial crisis.

"I firmly believe that what we are currently doing will play a major pillar in the global health sector to help the world and citizens of the world face a global health crisis in the future," said Minister of Health Budi, quoted from the health of my country.kemkes.go.id.

Indonesia will also use pandemic funds to strengthen public health networks by focusing on strengthening surveillance mechanisms and increasing resource capacity.

"So that we will have a much better surveillance mechanism to oversee 17 thousand islands and 270 million Indonesians as a form of preparedness and response to the pandemic," said the Minister of Health.

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