World needs $75 billion to head off next pandemic
GAVIN JONES COVID-19 is probably only a forerunner of increasingly dangerous pandemics in the future and governments need to find $75- billion over the next 5 years to prepare for them, a panel of experts have told finance ministers of the Group of 20 rich countries. In a report to the G20 meeting in Venice the panel said the $15 bln per year of investments it recommended doubled current spending levels but was "negligible" compared with the costs of another major outbreak of a new contagious illness. "The economic case for these additional investments is overwhelming," said former U.S. Treasury…