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U.S. VP Harris to announce $10 bln global fund to prepare for future pandemics
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.
World Bank and Sri Lanka sign agreement to strengthen Climate Resilience
Sri Lanka is among countries most affected by extreme weather events and is expected to see a 1.2 percent annual GDP loss by 2050 due to climate change. It is estimated that close to 19 million Sri Lankans may live in areas that could become moderate or severe hotspots in terms of floods or droughts by 2050.
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