How Innovative Financing will Help Prepare for Future Pandemics

This article originally appeared on World Economic Forum. Below is a brief excerpt.

For the first time ever, governments across the world now understand the need to take pandemic preparedness seriously.

But while there may be broad consensus in the G7 and G20 about some of the measures needed to prevent — or at least mitigate — the next pandemic, one of the most pressing questions remains unanswered: how are we going to pay for it?

Given the economic repercussions of the war in Ukraine, and with many governments still reeling from the economic impact of COVID-19, is there a smart and pain-free way to achieve pandemic preparedness?

With innovative financing there is.

For more than a decade, such mechanisms have been used to optimize public and private sector funds and reduce financial risk, in order to accelerate access to health and medical interventions. This has already prevented millions of deaths. In fact, throughout this pandemic, innovative financing has protected hundreds of millions of people from COVID-19.

Read the full article.

You May Also Like

Delivering 270M+ COVID-19 vaccines at just $0.29 per dose: The Bangladesh experience

Bangladesh launched its COVID-19 vaccination program in February 2021 with the ambitious aim of reaching 80% of the population with two doses. The program used a phased approach, initially targeting priority groups, and expanding eligibility over time as supply ramped up. By June 2022, the country had achieved its goal—having delivered over 270 million COVID-19 … Read More

New evidence on the costing the delivery of COVID-19 vaccines in Mozambique and the Philippines

ThinkWell has released two new reports on the cost of delivering COVID-19 vaccines in Mozambique and the Philippines, aiming to support governments and address the knowledge gap on the cost of these vaccination programs. In partnership with the Universidade Eduardo Mondlane and Ateneo de Manila University, ThinkWell conducted retrospective, bottom-up costing studies, as well as … Read More

New study reports cost to deliver COVID-19 vaccines in Côte d’Ivoire and Vietnam

The delivery of COVID-19 (C19) vaccines posed unprecedented challenges in terms of delivery volume and new target populations. Meanwhile, what it costs to deliver these vaccines remains highly uncertain. To support governments in planning and budgeting for the C19 vaccination programs, ThinkWell, partnering with Genesis Analytics and the Hanoi University of Public Health, conducted retrospective, … Read More