The Pandemic Emergency Finance Facility (FEP) has been launched by which international organization?
The Pandemic Emergency Finance Facility (FEP) has been launched by which international organization?
[A]United Nations Children’s Fund (UNICEF)
[B]International Labour Organization (ILO)
[C]World Bank (WB)
[D]Food and Agriculture Organization (FAO)
World Bank (WB)
The World Bank (WB) has recently launched the Pandemic Emergency Finance Facility (PEF), a new financing mechanism to quickly mobilise funds to tackle global disease outbreaks and create a new insurance market for pandemic risk. The new facility will accelerate both global and national responses to future outbreaks with pandemic potential. It was built and designed in collaboration with the World Health Organization (WHO) and the private sector. The major epidemics covered under the facility include new influenza pandemic virus A, B and C, SARS, MERS, Ebola, Marburg, Crimean Congo, Rift Valley, Lassa fever, etc.
