A new paradigm is needed for financing the pandemic fund

The PPR FIF could pave the way for such changes.6 A narrative that explains this strategy to governments and their taxpayers is also required.7 In our view, the most coherent approach that addresses these demands is the concept of global public investment (GPI).8 GPI is an innovative approach to international public finance, whereby all countries contribute, benefit, and make decisions on equal terms.9,10 Within a GPI framework, all countries contribute according to a proportional formula and are empowered as decision makers through well designed constituencies that are based on key criteria such as income level. [...]since contributions would be tied to rules on debt and fiscal capacity, GPI would avoid aggravating indebtedness and contribute to sustainable funding that focuses on the longer term needs of countries and communities. (World Map Courtesy of NASA: https://visibleearth.nasa.gov/view.php?id=55167) World Map Courtesy of NASA: https://visibleearth.nasa.gov/view.php?id=55167/imaginima/Getty Images SR-H is the Director of the Institute for Humanities and Social Sciences at Queen Mary University of London, Research Professor at the Peace Research Institute Oslo, and a co-founder of the Global Public Investment movement.