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.
Recent SFP Action Package Activities
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.
The recommendations and gaps overview documents seek to “support coordinated, catalytic approaches to financing for preparedness,” an objective prioritized by the GHSA SFP AP WG. There are a diversity of global partners and sectors with interest and input on financing preparedness, many recommendations emerging in light of COVID-19, and a need to identify gaps and move forward on a common way in the near future.
As part of the GHSA efforts on sustainable financing, the action package collected successful practices, approaches, tools, and lessons learned from countries regarding their efforts to mobilize resources for preparedness as well as the COVID-19 response. If you are interested in sharing your country or organization’s experiences, please reach out to the action package here.
September 2nd Action Package Event – Financing-Preparedness: Country-Level Experiences and Lessons Learned
Contributing SFP 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