The Financial Intermediary Fund (FIF) for Pandemic Prevention, Preparedness and Response is a collaborative partnership among donor countries, co-investor countries (potential implementing country governments), foundations and civil society organizations (CSOs). It is hosted by the World Bank with WHO as technical lead.
The governing and administrative bodies of the FIF are the Governing Board, the Technical Advisory Panel (TAP), the Secretariat, and the Trustee. The Implementing Entities (IEs) will support implementation of FIF-financed projects and activities. A broad set of stakeholders, including donors, CSOs, potential implementing country governments, and other partners were engaged on the FIF’s design to ensure it reflected the fund’s commitment to inclusivity, equity and to operate with high standards of transparency and accountability.
The Governing Board
The Governing Board is the supreme governing body of the FIF. The Governing Board comprises of 21 voting members; including representatives from donor countries, foundations, sovereign co-investors (countries that are eligible to receive FIF funding), and CSO; non-voting members and observers. The World Bank and WHO are represented as observers on the Governing Board. The Governing Board has two co-Chairs chosen from among its voting members to serve for a term of two years.
See Members and Constituencies for more information.
The Trustee
The World Bank serves as the Trustee for the FIF and carries out its roles and responsibilities in accordance with the World Bank’s policies and procedures. The Trustee receives funds from contributors and transfers resources to the implementing partners. The World Bank as Trustee also provides regular reports on FIF’s financial status to the Governing Board.
Secretariat
The Secretariat, housed at the World Bank, provides program management and administration services including support to the Governing Board in the delivery of its responsibilities. It manages day-to-day operations, prepares policies and procedures, and manages partner relations and stakeholder engagement. It operates as part of the World Bank, led by an Executive Head, and is comprised of a small team of professional and administrative staff employed by the World Bank or seconded to the World Bank from the WHO.
The Technical Advisory Panel (TAP)
The Technical Advisory Panel, to be established by the Governing Board, will support the FIF with its goal of financing projects and activities that help strengthen capacity building and implementation of PPR under IHR (2005) and other internationally endorsed legal frameworks, consistent with a One Health approach.
The TAP will help ensure that the Governing Board is kept apprised of the latest knowledge and developments related to pandemic prevention, preparedness, and response (PPR), including the status of PPR capacity at country, regional and global levels, emerging lessons and priorities, and significant developments in the areas of broader PPR governance and oversight.
It will also advise the Governing Board on funding priorities and critical gaps in pandemic PPR, as well as on funding allocation decisions, by providing analysis and evidence-based recommendations, based on an evaluation of individual funding proposals submitted to the FIF through the Call for Proposals process.
Comprising a core group of up to 20 experts led by a Chair (a senior executive from WHO) and Vice-Chair, the TAP will bring a diverse range of independent technical and financial expertise relevant to FIF-supported projects and activities. On a rotational basis, an additional pool of experts can be called for proposal review and other analysis as needed.
Implementing Entities (IEs)
Program/project implementation will be led by Implementing Partners that are accredited by the FIF`s Governing Board. Only Implementing Entities (IEs) may submit funding proposals developed with eligible countries to the FIF. For a country or any entity serving one or more eligible countries to submit a proposal, they need to have identified an eligible IE for implementation.
The following partners are pre-selected to become implementing entities, at establishment: African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, European Investment Bank, Food and Agriculture Organization, Inter-American Development Bank, International Finance Corporation, UNICEF, World Bank, and World Health Organization. In addition, Gavi, the Vaccine Alliance; the Global Fund to Fight AIDS, Tuberculosis and Malaria; and the Coalition for Epidemic Preparedness Innovations (CEPI) are being considered for inclusion as IEs. Other relevant agencies may be accredited as needed to fulfil the objectives of the FIF.