We Need to Audit Development Banks’ Role in Pandemic Response

By: Amy Ekdawi Arab Watch Coalition,
 Siddharth Akali, Coalition for Human Rights in Development,
and Jocelyn Soto Medallo, International Accountability Project

When COVID-19 hit, nobody was ready. And nobody knew what would come next. Two years later, we know that preventing and preparing for the next pandemic is crucial and that we need to act fast. But most of all, we need to take on board lessons learned and avoid replicating the same mistakes.This month the World Bank’s board is set to approve the recently released white paper for a proposed Financial Intermediary Fund, or FIF, for pandemic prevention, preparedness, and response, or PPPR, in order to have it up and running by the end of the year. The plan was discussed in May at the second global COVID-⁠19 summit, where the United States, the European Commission, and Germany committed nearly a billion dollar toward the planned fund.

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