Question
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.
The study carried on in collaboration with the Wildlife Institute of India and WWF India.
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