U.S. Pledges $667 Million to Global Pandemic Fund
Congressional approval needed for funding aimed at bolstering global pandemic preparedness and response.
- The U.S. contribution represents one-third of the Pandemic Fund's $2 billion goal.
- Treasury Secretary Janet Yellen announced the pledge at the G20 finance leaders' meeting in Brazil.
- The fund, established in 2022, targets pandemic prevention and response in low- and middle-income countries.
- Germany has also contributed $54 million to the fund.
- The Biden administration seeks annual appropriations from Congress to fulfill the commitment.