Context: There is a need to reorient multilateralism towards chronic risks faced by the world. A global Risk pooling Reserve Fund presents the solution.
Impact of COVID pandemic:
Low Outcome Relief Measures:
Collective Insurance Mechanism:
Conclusion: The solution to the crisis needs to be taken amidst it and not waiting for it to be over. There is not many “win-wins” in multilateralism today, but we can start with “don’t lose”.