U.S. and world officials will announce $3.1 billion in new funding for the global Covid fight
meant to help get shots in arms worldwide. There was a chance that funding was going to be included in anotherpackage that included Covid funding would slow down the approval process
and that the two measures would have to be separated, with a Covid package potentially moving through at a later date. “Now we really need Congress, specifically Republicans in Congress, to show up, not with empty words, but with action,” one of the senior administration officials said. The U.S. will announce an additional commitment to the Financial Intermediary Fund, a World Bank fund meant to help the globe prepare for the next pandemic. So far, the U.S. has pledged $250 million. It plans to commit an additional $200 million at Thursday’s event.
“The fund will provide financing for improving local, national and global capacity to prevent, detect and respond to pandemics and other threats to global health security,” the other senior administration official said, adding that the fund would be operational in September.
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