The Pandemic Fund secured additional government commitments at its pledging event in Brazil on Thursday, bringing the total pledges it has received to date to $982 million — just under half its fundraising target.
With expectations for additional pledges in the coming months, the fund remains focused on bolstering global pandemic prevention, preparedness, and response capacities over the next two years.
The multilateral financing mechanism, launched two years ago, aims to raise at least $2 billion in its second year. The fund says this is crucial as it kick-starts the implementation of its medium-term strategic plan.
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About the author
Jenny Lei Ravelo@JennyLeiRavelo
Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.
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