Supporting Member Countries Specific Needs

The emergence of COVID-19, which was declared a global pandemic by the WHO at the start of 2020, shocked the world. Aside from the impact on healthcare, the pandemic has wreaked havoc on the global economy, raising concerns about the long-term consequences of the looming global financial crisis.

The IsDB Group's prompt response and call for collaborative action to support our Member Countries at different phases of the recovery trajectory has resulted in a Strategic Preparedness and Response Program (SPRP) worth up to US$2 billion, under the 3Rs (Respond, Restore, and Restart).

Under the Integrated Trade Solution mechanism, ITFC supplied Member Countries in Need with the required support for the critical sectors, including the provision of medical equipment and food to address the challenges during the pandemic, in accordance with the IsDB Group's 3Rs Response Package.