The Neglected Dimension of Global Security: A Framework to Counter Infectious Disease Crises by National Academy of Medicine Secretariat

Author:National Academy of Medicine, Secretariat [National Academy of Medicine, Secretariat]
Language: eng
Format: epub
Tags: Health and Medicine: Global Health, Conflict and Security Issues: Prevention, Security and Response, Health and Medicine: Infectious Disease
ISBN: 9780309390965
Publisher: The National Academies Press
Published: 2016-05-16T00:00:00+00:00

MOBILIZING GLOBAL FINANCIAL RESOURCES IN RESPONSE TO POTENTIAL PANDEMICS

When an infectious disease outbreak has the potential to become an epidemic or pandemic, speed of response is vital. This means mobilizing financial resources swiftly to support the overall response strategy. For many countries, the government’s own contingency resources will be the primary source of such funds; however, in situations where challenges overwhelm domestic resource capabilities, international financing support is needed. The experience of Ebola demonstrated that mobilizing such contributions can take time, so it makes sense to have contingency financing arrangements in place to ensure a rapid and effective response. Moreover, the availability of such contingency support arrangements could help to mitigate incentives to delay or suppress alerts at the national level. As discussed earlier in this chapter, WHO’s CFE represents one source of such emergency funding, but at $100 million, it is of quite limited scale. To mobilize financial resources of greater scale requires that the World Bank and the IMF also have appropriate arrangements.

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