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Source: The post is based on the article “Department of Animal Husbandry & Dairying will receive 25 million USD grant under Pandemic Fund for strengthening Animal Health System of India” published in PIB on 21st August 2023.
What is the News?
The G20 Pandemic Fund has granted $25 million to India’s Department of Animal Husbandry & Dairying to aid pandemic preparedness and response.
What is the G20 Pandemic Fund?
The G20 Pandemic Fund was established under Indonesia’s G20 Presidency.
Purpose: To finance critical investments to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, focusing on low- and middle-income countries.
Hosted by: The fund is hosted by the World Bank with WHO as technical lead.
How does the Pandemic Fund work?
The pandemic Fund secures money from donors to be distributed to low and middle-income countries for various purposes.
This includes disease surveillance, capacity building for critical health workforce, establishment of laboratories and emergency communication.
An intermediary agent will distribute these funds and also implement projects. These implementing agencies include regional development banks such as Asia Development Bank, African Development Bank, and other international organizations.
The World Bank, WHO and a governing body consisting of countries, philanthropic foundations and civil society organizations manage the pandemic fund collectively.
Membership within the governing body includes both donors and recipients to ensure inclusiveness and maintain equal decision-making power between states.
