The Pandemic Fund Special Fund was established by AIIB to manage grants it receives as Implementing Entity of the Pandemic Prevention, Preparedness and Response Financial Intermediary Fund (the Pandemic Fund). The Pandemic Fund is a multi-stakeholder global partnership that provides a dedicated stream of additional, long-term financing to strengthen critical pandemic prevention, preparedness, and response (PPR) capabilities in low- and middle-income countries. Its Secretariat is hosted by the World Bank.
The Pandemic Fund can support investments or technical assistance to help strengthen and sustain PPR capacity in areas such as disease surveillance; laboratories; emergency communication, coordination and management; critical health workforce capacities; and community engagement. Pandemic Fund-financed projects can also help strengthen PPR at the regional and global levels through capacity building. The Pandemic Fund can also support peer-to-peer learning, provide targeted technical assistance, and help with the systematic monitoring of PPR capacities.
Funding from the Pandemic Fund is available to AIIB Members that are eligible to receive financing from the International Development Association (IDA) and/or the International Bank for Reconstruction and Development (IBRD); and to regional entities or platforms that are specialized technical institutions established by the governments of one or more eligible countries.
AIIB’s Pandemic Fund Special Fund is funded from approved grants from the Pandemic Fund.