India is believed to have placed a funding request of around $55 million in its first call with the Pandemic Fund of the World Bank.

• Pandemic Fund is a multi-stakeholder global partnership officially established in November, 2022.
• It is one of the Financial Intermediary Fund (FIF).
• It is a collaborative partnership among donor countries, co-investors (countries that are eligible to receive funding), foundations and civil society organizations (CSOs).
• Objective – It will provide a dedicated stream of additional, long-term financing to strengthen critical pandemic Prevention, Preparedness, and Response (PPR) capabilities in low- and middle-income countries.
• Governing Structure

1. Governing Board
2. Technical Advisory Panel
3. Secretariat – The World Bank
4. Trustee – The World Bank

• Funding – The financial volume of The Pandemic Fund depends upon contributions from donors. 
• Founding financial contributors – Australia, Canada, China, European Commission, Germany, Indonesia, Italy, Japan, Republic of Korea, New Zealand, Norway, Singapore, Spain, United Arab Emirates, United States, Bill and Melinda Gates Foundation, Rockefeller Foundation, Wellcome Trust.

Financial Intermediary Fund (FIF)

• They provide independently governed multi-contributor collaboration platforms for the global development community.
• It focuses on specific themes and each FIF is a type of trust fund for which the World Bank serves as trustee.
• Examples of FIFs are: Adaptation Fund, The Pandemic Fund, Global Environment Facility, Green Climate Fund, etc.,
• FIF Trusteeship does not involve overseeing or supervising the use of funds.