The Pandemic Emergency Financing Facility officially closed on April 30, 2021.
The Pandemic Emergency Financing Facility (PEF) – a financing mechanism, now closed, that was housed at the World Bank – was designed to provide an additional source of financing to help the world’s poorest countries respond to cross-border, large-scale outbreaks. The PEF complemented the much larger role that IDA, the World Bank’s fund for the poorest countries, and other international organizations and donors played in financing outbreak response. The PEF’s design was unique in that payments could go directly to governments and pre-approved frontline responder organizations (such as WHO and UNICEF) and it could do so either through its cash window or, once triggered, through its insurance window.
Last Updated: Oct 15, 2021