The first G20 Joint Finance and Health Ministers' Meeting in 2022 was held under the Indonesian presidency on June 21 to discuss finance and health coordination arrangements for global pandemic prevention, preparedness and response (PPR), as well as the establishment of a financial intermediary fund (FIF) for PPR. Liu Kun, China's Minister of Finance, attended and spoke at the meeting via video link.

Liu said that it will take strenuous efforts for mankind to eliminate COVID-19. China supports the establishment of the FIF for PPR housed at the World Bank for the larger interests of jointly safeguarding human lives and health. In order to ensure the new fund effectively help improve global health governance, it is necessary to be innovative, and implement in real earnest G20 Leaders’ consensus that the fund should be designed inclusively with the central coordination role of the WHO, and ensure the equal voice of developing countries in the fund’s governance, as well as all developing countries’ eligibility for getting finance from the fund. China will actively promote the Global Development Initiative put forward by President Xi Jinping and continue to support developing countries in responding to the pandemic and getting vaccinated.

Liu pointed out that the G20 Joint Finance and Health Ministers' Meeting and the G20 Joint Finance-Health Task Force, which were established in accordance with the consensus of G20 Leaders, have been operating well. G20 should focus on its main mandates and functions, continue to provide support for the reform and development of the global health governance system led by WHO through these mechanisms, and act on  Leaders’ consensus in earnest. China will continue to participate in international dialogues and cooperation as part of the joint efforts to build a global community of health for all called for by President Xi.