From the Introduction: "While COVID-19 [coronavirus disease 2019] has raised many new questions about global health functions and how they are delivered, it has removed any doubt surrounding our readiness for a public health emergency with pandemic potential. The international community systematically underinvested in preparedness for decades and delayed financing for response when the outbreak hit, investments and actions that could have saved millions of lives and trillions of dollars in economic output. A new approach is needed. In this paper we briefly discuss the reasons for underinvestment in pandemic preparedness and response and review the performance of recent attempts to finance readiness capabilities and early actions that could contain outbreaks with pandemic potential. We argue that the international system lacks the financing architecture required to coordinate and accelerate investment in the global public goods required to contain outbreaks, and we derive a set of principles towards which reforms to the financing architecture should be oriented. Finally, we present a proposal for an international financing facility for pandemic preparedness and response, which embodies these principles."
Independent Panel for Pandemic Preparedness and Response, Background paper 14
Independent Panel for Pandemic Preparedness and Response
Independent Panel for Pandemic Preparedness and Response: https://theindependentpanel.org/