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Remarks at the Global Health Systems Financing and Pandemic Preparedness Event - World

Remarks at the Global Health Systems Financing and Pandemic Preparedness Event
Format
As Prepared for Delivery
Many thanks Madame Ambassador for the opportunity to address excellencies and esteemed colleagues present here today on this important topic. I very much welcome the restated commitment to break the cycle of panic and neglect.
We have engaged over the past decades in the response and recovery to many shocks and disasters and have learned a lot through these experiences and through the direct engagement with governments across the world.
For instance, notable innovations have been introduced in the International Development Association (IDA) in recent years to incentivize countries to access IDA for crisis preparedness, including pandemic preparedness, and embed these efforts into core country operations. ....

Mamta Murthi , World Bank Group , Human Development , Response Trust Fund , International Bank , International Development Association , Multilateral Investment Guarantee Agency , Health Emergency Preparedness , International Finance Corporation , Health Systems , Vice President , Madame Ambassador , Response Window , Early Response Financing , West Africa Ebola , Regional Window , Regional Disease Surveillance Systems Enhancement , Contingent Emergency Response Components , Catastrophe Deferred Drawdown Options , Health Systems Strengthening , மம்தா மூர்த்தி , உலகம் வங்கி குழு , மனிதன் வளர்ச்சி , பதில் நம்பிக்கை நிதி , சர்வதேச வங்கி , சர்வதேச வளர்ச்சி சங்கம் ,

Confronting Simultaneous Climate, Public Health, and Economic Shocks in Developing Countries

Two Proposals for Ambitious 2021 Reforms
Coping with Compound Shocks
Developing countries and small economies are facing the prospect of more frequent and devastating compound shocks, defined as multiple disruptive events including natural disasters, economic and financial crises, and pandemics striking simultaneously or in rapid sequence. In 2020, Bangladesh, Fiji, Honduras, India, the Philippines, Mexico, Nicaragua, and 11 countries in the Sahel faced combinations of the COVID-19 pandemic; economic shocks associated with the pandemic and measures to contain it; and extreme weather events, including drought, floods, and/or hurricanes, that were exacerbated by climate change.
Compound shocks are more devastating than isolated shocks, for several reasons. First, they stretch health care delivery, social safety nets, and disaster response systems too thin, making effective relief and response difficult or impossible. Second, they can leave reserve funds and public budget ....

United States , United Kingdom , Sri Lanka , Saint Lucia , Trinidad And Tobago , Costa Rica , Sierra Leone , World Bank Group , Country Partnership Frameworks , Global Development , Grif Steering Committee , World Bank , Centre For Disaster Protection , Risk Solutions Incentive Fund , Insuresilience Solutions Fund , Pacific Catastrophe Risk Insurance Company , World Bank Group International Development Association , Bank Strategy For Fragility , International Development Association , Global Risk Financing Facility , Crisis Response Window , Catastrophe Deferred Drawdown Options , Contingency Emergency Response Components , Global Facility , Disaster Reduction , Enabling Investments ,