Market news
12.07.2021, 09:40

The world must start preparing for the next pandemic - Singapore’s senior minister

CNBC reports that Singapore’s Senior Minister Tharman Shanmugaratnam said that the next global pandemic could happen at any time and the world must start preparing for it now.

“We don’t have the luxury of waiting for Covid to be over before we start preparing for the next pandemic, because the next pandemic can come any time,” Tharman said.

“So we’ve got to use our current effort to tackle Covid, to also build up the capacities required to head off the next pandemic,” he added.

A G-20 panel of global experts on Friday released a report proposing measures to prevent outbreaks and quickly respond to any future pandemic. Tharman co-chairs the panel with former U.S. Treasury Secretary Larry Summers and World Trade Organization Director-General Ngozi Okonjo-Iweala.

The measures include “better and more reliable funding” for the World Health Organization, as well as tapping multilateral institutions such as the World Bank and International Monetary Fund to help fund the fight against a pandemic, said Tharman.

He added that the current international system to respond to a global pandemic is “fragmented” and “under-funded.” To plug that gap, the panel proposed setting up a new global fund with a minimum $10 billion a year, said the Singapore minister.

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location