Epidemics and Pandemics Can Have Devastating Effects on Local, Regional, and Global Economies

The current COVID-19 pandemic and past epidemics have illustrated the vast impact the spread of infectious diseases can have on global health, economies, and societies.

While we have identified gaps in preparedness, we’re missing the resources needed to fill those gaps and maintain capacities to be prepared for the next pandemic threat. There is a strong economic case for sustained country-level investment to establish and maintain global health security capacity in support of the International Health Regulations (IHR) (2005) and other global health security frameworks, which are critical to help prevent and mitigate future infectious disease threats, as well as minimize risks to economies around the world.


Sustainable Financing for Preparedness Action Package Landscape Scan

Overview

When the SFP AP began its work in 2019, the AP conducted a landscape scan of existing materials related to the issue of sustainable financing for preparedness. The AP aims to update this catalog of related concepts, efforts, papers, etc. periodically with new developments and input from partners. The current version is displayed here. If you have additions, corrections, or other suggestions, please share them with the SFP AP here.

Financing for Country Preparedness Capacities – Visualization of Current Mechanisms and Flows

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Key Points and Recommendations

There are many ongoing efforts and important questions related to sustainable financing for preparedness. To inform ongoing conversations about mechanisms for global health, the SFP AP developed a visualization that aims to provide a high-level overview of the landscape of financing mechanisms focused on preparedness. More details about the visualization and the associated summary of highlights and recommendations are below. The AP also intends to update this over time with new developments and input from partners. If you have additions, corrections, or other suggestions, please share them with the SFP AP here.


Sustainable Financing for Preparedness Action Package at the 2020 GHSA Ministerial Meeting

The Sustainable Financing for Preparedness Action Package Working Group coordinated a 2020 GHSA Ministerial Meeting Side Event intended to engage health and finance partners, identify recommendations, and establish concrete next steps to ensure both sectors can continue to work together to improve pandemic preparedness before the next pandemic threat arrives. This video, presented during the 6th GHSA Ministerial Meeting hosted by Thailand, builds on a range of input from partners across the health and finance sectors, including information collected through a written consultation, a small group discussion, and the Ministerial Side Event.

Contributing Action Package Members

Countries: Pakistan, Australia, Norway, Finland, Italy, United Kingdom, United States (Lead)

Organizations: Private Sector Round Table (PSRT), World Health Organization (WHO), GHSA Consortium (GHSAC), World Bank


Have questions or want to contribute to the SFP AP WG? Contact us below!