In a significant development, India is believed to have placed a funding request of around_____  in its first call with the Pandemic Fund of the World Bank which has has been set up to finance critical investments in a bid to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with a focus on low- and middle-income countries.

Solution

   In a significant development, India is believed to have placed a funding request of around $55 million in its first call with the Pandemic Fund of the World Bank.   The fund has been set up to finance critical investments in a bid to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with a focus on low- and middle-income countries. It was created in the aftermath of the Covid-19 global pandemic.       According to the fund’s website, the Pandemic Fund Governing Board has approved an envelope of $300 million for its first round of funding to help developing countries better prepare for and respond to future pandemics.         In total, partners have pledged contributions of over $1.6 billion to the Pandemic Fund, with the US and the European Union leading the list of donors.