Jakarta, The Indonesia Post – Governor of Bank Indonesia Perry Warjiyo stated that the global need for financing for Pandemic PPR (prevention, preparedness, and response) reached US$ 34.4 billion per year.
“The G20 is reviewing and estimating the global PPR financing needs of US$34.4 billion per year,” he said at the Indonesian G20 Presidency Agenda in Jakarta, Thursday.
In this regard, Indonesia’s G20 Presidency is mobilizing the necessary financing to fill the financing gap for pandemic prevention, preparedness, and response.
Indonesia’s G20 presidency is also mobilizing financing for global public goods in order to strengthen the resilience of the global health system.
“Strengthening the spirit of multilateralism is critical to achieving investment at the scale needed to prevent the next outbreak,” he said.
In addition, the G20 Presidency of Indonesia has also encouraged the formation of a task force for ministers of finance and ministers of health worldwide in order to improve coordination to achieve concrete policies.
This task force has been formed at a strategic time in particular to further explore ways to improve finance and collaboration in overcoming the crisis.
The task force has reviewed key areas of concern in global pandemic PPR capacity and initiated public and private financing initiatives for pandemic PPR.
“The task force will also discuss modalities for building pandemic PPR financing facilities,” he said.
This step must be taken because there are challenges in mobilizing financing, especially ensuring that low-income and vulnerable countries continue to receive their financing needs.
These countries have limited market access due to high debt levels and social problems.
“Strengthening the global health system with a strong and sustainable financing mechanism is an important part of the exit strategy to recover together and recover stronger,” he stressed. (ojn/bbs)
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