In December 2021, as an apparent panic reaction to the spread of omicron, member states of the World Health Assembly reached a consensus decision to establish an Intergovernmental Negotiating Body to draft an international agreement to strengthen pandemic prevention, preparedness, and response, or PPPR. After several drafts and a dynamic process of nearly two years, on Oct. 30, the INB released its Proposal for Negotiating Text of the Pandemic Agreement that is now under consideration. Among its many provisions, this version of the text proposes that the Conference of Parties — the yet-to-be-created supreme decision-making body of the agreement — establish two new global health financing mechanisms for PPPR.
These mechanisms, a capacity development fund and an endowment, are both primarily aimed at assisting low- and middle-income countries meet agreement obligations and build their PPPR infrastructure.
This proposal, however, fails to take into account two key global health financing mechanisms: the newly created Pandemic Fund and the well-established Global Fund to Fight AIDS, Tuberculosis and Malaria.