November 2025 — As foreign aid declines and the drivers of pandemic risk keep rising, the HLIP's report makes a clear case that the world can secure itself against pandemic threats affordably, and that the cost of inaction far outweighs the price of preparedness. Closing the Deal lays out a focused, operational financing agenda centered on expanding access to medical countermeasures during health emergencies and mobilizing domestic resources to better prepare, anchored in concrete benchmarks and a short-to-medium-term timeline for action. The Panel sets out five recommendations:

1. Unlock domestic resource mobilization. Mobilize health, security, and non-ODA spending. Rigorously track results.
2. Accelerate geographically diversified access to MCMs.
3. Enable development bank at-risk financing for MCM advance purchases.
4. Operationalize financing for tests, treatments, and PPE.
5. Strengthen the Pandemic Fund financing, speed, and scale. Cement its role as the world's premier preparedness financing facility.