Tasks chosen by the multilateral financing mechanism will profit ten nations, together with Guyana, Trinidad and Tobago, and 6 Japanese Caribbean nations:
As a part of its second spherical of funding, launched on Oct. 18, the Pandemic Fund (PF) has accredited 5 new initiatives for Latin America and the Caribbean, aimed toward enhancing nations’ preparedness for future pandemics.
Tasks chosen by the multilateral financing mechanism will profit ten nations throughout the area (Guyana, Honduras, Nicaragua, Trinidad and Tobago, and 6 Japanese Caribbean nations: Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines). The grants, which complete 84.1 million US {dollars}, will probably be used to boost illness surveillance and early warning methods, enhance laboratories, and develop the well being workforce, amongst different key actions.
The Pan American Well being Group (PAHO) will play an energetic function in supporting 4 of the 5 new initiatives as an implementing entity, collaborating intently with authorities actors and different supply companions and key stakeholders.
“This financing represents a crucial funding in enhancing pandemic prevention, preparedness, and response capacities in Latin America and the Caribbean,” Dr. Jarbas Barbosa, PAHO Director stated. “Our area was the toughest hit in the course of the COVID-19 pandemic and the 2022 mpox outbreak, and continues to face substantial dangers from the emergence and re-emergence of pathogens of epidemic and pandemic potential, as illustrated by the present outbreak of Oropouche illness virus,” he added.
The Pandemic Fund obtained a complete of 146 proposals throughout its second name, with funding requests totaling US$4.6 billion, virtually 10 instances the out there funds of $500 million. In complete, 23 initiatives have been accredited globally, allocating US$418 million general. An additional US$128.89 million was allotted by the Fund in September 2024 to five initiatives addressing the present mpox outbreak in Africa.
“Whereas the funds allotted to Latin America and the Caribbean will probably be crucial, they symbolize simply 20% of the overall funds requested, highlighting the pressing want for extra sustainable financing for pandemic preparedness in our area,” Dr. Barbosa stated.
The Pandemic Fund is a catalytic financing mechanism which supplies necessary sources to advance pandemic prevention, preparedness and response (PPR) capacities whereas incentivizing additional funding in PPR. It’s a part of a wider motion in the direction of reaching extra sustainable financing for PPR for nationwide and international well being safety.
Hosted by the World Financial institution, the Pandemic Fund has already supported 4 initiatives within the Americas below its first spherical of financing, totaling $45 million in grant funds.
A 3rd name for proposals is anticipated to be launched in the course of the first quarter of 2025.
