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Events
World Bank Seminar “Pandemic Emergency Financing Facility (PEF): A New Financing Mechanism for Responding to the Next Global Epidemic”
November 24, 2015Tokyo


Taking the opportunity of the visit of Mukesh Chawla, Head, Health Nutrition & Population, and Carlo Segni, Lead Financial Officer/Deriv & Financial Engineering, World Bank, this seminar will brief on the PEF, and will provide a forum of discussion.

The threat of Ebola in West Africa is not over, yet after more than 11,000 deaths, and billions of dollars in lost income. The Ebola viruses have been largely confined to a few countries because they are transmitted through close contact. But what would happen if the world faced a fast-moving, airborne disease such as the Spanish flu outbreak of 1918-19? Modelling suggests a Spanish flu-like outbreak today would kill more than 33 million people in 250 days. And the cost of such a severe outbreak has been estimated at 4.8% of global GDP - or more than $3.6 trillion.

The world is not prepared for the next epidemic. We're no better equipped to respond quickly to an outbreak than we were a year ago. We need to do three things. First, let's ensure that all countries invest in better preparedness. Second, we need a smarter, better coordinated global epidemic preparedness and response system that draws upon the expertise of many more players - including a better-resourced WHO. Third, we must be able to get emergency funding out the door and deploy rapid response teams at the first sign of a crisis. If a fast-moving epidemic hits, the traditional approach of issuing fundraising appeals just isn't good enough. The World Bank Group is working with the WHO and other institutions on one part of the solution - something we call a Pandemic Emergency Financing Facility (PEF). The facility aims to make sure adequate and timely financing is available to countries and international responders to effectively contain a pandemic threat. It is developing innovative financing arrangements such as private sector insurance and public sector contingency pools that can disburse rapidly to support a surge in health workers or the setting up of emergency response operations centers.

Taking the opportunity of the visit of Mukesh Chawla, Head, Health Nutrition & Population, and Carlo Segni, Lead Financial Officer/Deriv & Financial Engineering, World Bank, this seminar will brief on the PEF, and will provide a forum of discussion.

 

Program

Opening remarks

Yasusuke Tsukagoshi
Special Representative, Japan, the World Bank Tokyo Office

Presentation

Mukesh Chawla
Head, Health Nutrition & Population, Global Practice, World Bank Group

Carlo Segni
Lead Financial Officer / Deriv & Financial Engineering, Treasury, World Bank

Commentators

Yasushi Katsuma
Dean, Graduate School of Asia-Pacific Studies; Director, Waseda University

Sumie Ishii
Chairperson, Japanese Organization for International Cooperation in Family Planning (JOICFP)

 

EVENT DETAILS
  • DATE/TIME: 
    Tuesday, November 24, 4:30pm-6:00pm
  • VENUE: 
    The World Bank Tokyo Development Learning Center
    10th floor, Fukoku Seimei Building, 2-2-2 Uchisaiwaicho, Chiyoda-ku, Tokyo
    MAP
  • LANGUAGE: 
    English and Japanese
    (with simultaneous interpretation)
  • INQUIRIES: 
    World Bank Tokyo Office
    EMAIL: ptokyo@worldbank.org
    Phone: 03-3597-6650