US, Indonesia call for new G20 forum to prepare for the next pandemic

File Photo: Treasury Secretary Janet Yellen attends a hearing of the House Financial Services Commission on September 30, 2021 in Washington, USA.Pool / file photo via Aldrago / Reuters

October 27, 2021

Andrea Charal

Washington (Reuters) – The world’s largest economy needs to create a forum to facilitate global coordination for the next pandemic and a new funding facility to respond to new threats, the United States said. Treasury Secretary Janet Yellen and Indonesian Finance Minister Sri Mulyani Indrawati said. Tuesday.

In a letter to G20 colleagues https://home.treasury.gov/news/press-releases/jy0435, the two finance ministers said through the forum that the health and finance ministers would better cooperate, prevent, detect, He said he would be able to coordinate information sharing. , And the required response.

A copy of the letter dated Monday was posted by the Treasury on Tuesday.

Yellen and Indrawati said the COVID-19 pandemic, which killed about 5.2 million people worldwide, revealed a lack of preparation at the national level and a lack of coordination between the G20 countries.

“While the fight against COVID-19 is in progress, we are also facing a harsh reality. This will not be the last pandemic,” they said prior to Friday’s joint meeting of G20 Health and Finance Ministers. I wrote. “We must not lose this opportunity to exercise leadership with a determined determination to act.”

Several independent organizations, including former US Treasury Secretary Lawrence Summers, Director-General of the World Trade Organization Ngozi Okonjo Iwarera, and a high-level independent panel led by Singapore’s Senior Minister Tharman Shanmugaratnam, have joined such forums. Seeking to be founded.

Yellen and Indrawati said the forum should improve and empower the activities of the World Health Organization and other technical organizations, but should include diverse opinions and perspectives from around the world, including the African Union.

They said the new financing facility could complement the resources of the Multilateral Development Bank and ensure sufficient dedicated and reliable financing so that vaccination and treatment could catch up with new threats.

The two initiatives were complementary, but their schedules do not have to be interrelated, the minister said.

(Report by Andrea Shalal; edited by Leslie Adler)

US, Indonesia call for new G20 forum to prepare for the next pandemic

Source link US, Indonesia call for new G20 forum to prepare for the next pandemic

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