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.
Overview of Recommendations and Gaps in Preparedness Financing
The recommendations and gaps overview documents seek to “support coordinated, catalytic approaches to financing for preparedness,” an objective prioritized by the Global Health Security Agenda (GHSA) Sustainable Financing Preparedness Action Package Working Group (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.
The overview of recommendations related to sustainable financing for global health security have been published in the past year or so by various entities across sectors and aims to inform ongoing discussions of paths forward for advancing global health security, combat emerging pandemic threats, and mitigate associated economic risks.
The list of gaps identifies examples of shortfalls or recently prioritized areas related to preparedness financing that multiple recent reports and recommendations have identified and aim to address.
Landscape Scan of Existing Activities, Recommendations, and Gaps in Preparedness Financing
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
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.
Identifying Country & Partner Successful Practices and Tools
As part of the Global Health Security Agenda 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. The information shared in the link below and summarized on the slide deck below are responses from a survey (link below) sent to other GHSA members. These packaged responses aim to support other GHSA members by providing tangible approaches and practices to finance preparedness and health security. If you are interested in sharing your country or organization’s experiences, please reach out to the action package here.
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