G-20 eyes launch of emergency funding program for future pandemics

The Group of 20 economies are considering setting up a new emergency financing program to help developing nations with limited financial resources to cope with pandemics like COVID-19, sources familiar with the plan said Wednesday.The envisaged scheme is designed to provide funding swiftly to enable such countries to secure necessary medical supplies and doctors in the initial phase of a pandemic, the sources said. The G-20 has agreed on the need for a global architecture to prevent, prepare for and respond to future pandemics.The plan to create a so-called "surge financing" program is amon…READ FULL ARTICLE