Rethinking international financing for health to better respond to future pandemics
Building on the key learning points from major global health initiatives and drawing out their implications for the Pandemic Fund, the authors examine recent critiques and new policy solutions in a wider and longer-standing literature assessing the global health financing landscape. The authors take a substantial policy step by outlining how a proposed new reform agenda, Global Public Investment (GPI), could address some of these challenges and what would be required to implement GPI in the context of the Pandemic Fund; the authors further explore the key principles of GPI and consider their potential to achieve greater inclusiveness in governance, diversity in financing, and transparency and performance in operations.
The authors argue that the Pandemic Fund needs to incorporate and meaningfully include a broader contributor base, and devise a new governance model that can ensure the impact of its investments is maximised in respect of equity and return on investment.