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Indonesian President Announces Creation of Global Pandemic Fund but Calls for More Participation

NUSA DUA (INDONESIA), 13 Nov.

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Indonesian President Announces Creation of Global Pandemic Fund but Calls for More Participation

NUSA DUA (INDONESIA), 13 Nov. (DPA/EP) -

Indonesian President Joko Widodo launched a global fund on Sunday to prepare for future pandemics and warned that the $1.4 billion (a similar figure in euros) raised so far is not enough.

The announcement follows a meeting of G20 health and finance ministers on the Indonesian resort island of Bali ahead of a summit of the group of the world's leading economies on Tuesday and Wednesday.

"I thank all donors from G20 and non-G20 countries and philanthropic institutions for their contributions, but the amount is not enough," Widodo said from Cambodia, where he was attending the ASEAN/EAS summit. .

"I look forward to stronger support for this pandemic fund," Widodo added, underlining his hope that the fund will help strengthen the global health architecture.

Twenty countries and three charities have pledged to contribute a total of 1.4 billion euros to the fund, according to Kunta Wibawa Dasa Nugraha, head of the Indonesian Ministry of Health.

"This is significant, because the World Health Organization and the World Bank have projected a pandemic financing gap of around $10.5 billion over the next five years," Widodo said.

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