U.S., foreign officials to announce $3.1B in new Covid funding

“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.

This is a developing story.


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