The new Global Health Security Financial Intermediary Fund will be created at the World Bank to coalesce resources for pandemic preparedness, the White House official said.
The Biden administration will also request an additional $850 million from the U.S. Congress for the fund, to build on the $630 million in such funding that was secured for fiscal year 2021.
That essentially means the globally popular vaccines, which their makers have pledged not to sell to private parties during the pandemic, will not be available for now in the world’s two most populous countries – China and India. The Indian government has also declined to meet the U.S. companies’ requests for legal protection over any side-effects from the use of their shots, which are currently made only in the United States or Europe, two of the sources said.
On March 23, the court had passed a slew of directions in connection with the treatment of persons with rare diseases, including a direction to notify the National Health Policy for Rare Diseases by March 31 and setting up a National Consortium for Research, Development and Therapeutics, a rare diseases committee at AIIMS and a fund for such ailments.
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