The Pandemic Fund finances critical investments to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with a focus on low- and middle-income countries.
Overview
The Pandemic Fund is the first multilateral financing mechanism dedicated exclusively to strengthening critical pandemic prevention, preparedness, and response (PPR) capacities at the local, regional, and global levels, with a focus on low- and middle-income countries.
In just a few years, the Pandemic Fund has moved quickly to fill critical investment gaps. As of August 2025, the Pandemic Fund’s portfolio stood at nearly US$7 billion spanning 75 countries across six geographic regions. This included US$885 million in grants awarded through its first two funding rounds, which catalyzed over US$6 billion in additional domestic and international resources for countries and regions.
Recognizing the need to address chronic underinvestment in pandemic PPR capacity, particularly in low- and middle-income countries, the G20 Finance Ministers and Central Bank Governors requested in April 2022 that the World Bank explore the establishment of a new financing mechanism. With broad support from the G20, other founding donors, civil society, and other stakeholders, the World Bank’s Board of Directors approved the proposal to establish the Pandemic Fund on June 30, 2022. The Pandemic Fund was officially established by its Governing Board at its inaugural meeting on September 8-9, 2022. The World Bank serves as Trustee and hosts the Fund’s Secretariat.
What we do
Through 47 projects across 75 countries, the Pandemic Fund is strengthening pandemic PPR capacities within and across borders—focusing on disease surveillance, laboratory systems, and the health workforce.
Our projects are:
- Country-led, aligned with national and regional PPR priorities and plans
- Catalytic, mobilizing additional co-investments and co-financing from domestic and international sources—achieving a 1:7 leverage ratio
- Streamlined and cohesive, promoting more effective and coordinated financing for pandemic preparedness
- Collaborative, fostering coordination across sectors, partners, and borders while operationalizing multisectoral One Health approaches
- Cost-efficient, with an operating model and administrative structure designed to minimize overhead
With continued commitment and support from the international community, the Pandemic Fund will continue to deliver on its promise of building a better-prepared and pandemic-resilient world.
CONTRIBUTORS
The Pandemic Fund’s founding financial contributors are: Australia, Canada, China, European Commission, Germany, Indonesia, Italy, Japan, Republic of Korea, New Zealand, Norway, Singapore, Spain, United Arab Emirates, United States, Bill and Melinda Gates Foundation, Rockefeller Foundation, and Wellcome Trust. The founding donors, joined by Austria, Denmark, France, India, Netherlands, Portugal, Saudi Arabia, South Africa, Switzerland, and the United Kingdom, have committed over US$2.1 billion in financial contributions to date. The Pandemic Fund continues to raise funds for its work from both sovereign and non-sovereign contributors.
The Pandemic Fund can receive funding from World Bank member countries, intergovernmental entities, and non-governmental entities such as philanthropies, foundations and the private sector, subject to approval from the Governing Board and the World Bank as its Trustee.
Australia
Austria
Canada
China
Denmark
France
Germany
India
Indonesia
Italy
Japan
Netherlands
New Zealand
Norway
Portugal
Republic of Korea
Saudi Arabia
Singapore
South Africa
Spain
Switzerland
United Arab Emirates
United Kingdom
United States
European Commission
Bill & Melinda Gates Foundation
The Rockefeller Foundation
Wellcome
Our Portfolio
Through its two funding rounds, the Pandemic Fund has awarded grants totaling US$885 million, mobilizing an additional US$6 billion in resources for pandemic prevention, preparedness, and response (PPPR) investments in 75 countries across six geographical regions. A total of 47 projects have received funding to date.
- 47 Projects
- 75 Countries
- $885Million Grants Allocated
- $3.7Billion Co-Financing
- $2.4Billion Co-Investment
- 1:7 LEVERAGE RATIO
