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WHO’s Historic Agreement: A Major Step Towards Global Pandemic Preparedness

In a groundbreaking move, members of the World Health Organization (WHO) have reached a historic, legally binding agreement aimed at preparing the world for future pandemics. This pact, designed to address the lessons learned from the COVID-19 crisis, sets the stage for a more equitable global response to health emergencies, particularly in the distribution of essential drugs, vaccines, and medical technologies.

The agreement marks a significant milestone in global health governance, especially at a time when multilateral institutions like the WHO are facing considerable financial strain. The United States, which was once the WHO’s largest financial contributor, withdrew from negotiations after President Donald Trump initiated the U.S.’s departure from the organization. Despite this setback, the deal underscores a strong commitment from member states to work together on global health security, with or without U.S. involvement. “This is a historic moment,” said Nina Schwalbe, founder of global health think tank Spark Street Advisors. “It demonstrates that countries are committed to multilateralism and to collective action.”

This agreement, the second of its kind in WHO’s 75-year history (the first being a tobacco control treaty in 2003), focuses on structural inequalities in how pandemic-related health tools are developed and distributed. Article nine of the deal ensures that future pandemic-related drugs, therapeutics, and vaccines will be made globally accessible. It also gives the WHO stronger oversight over medical supply chains and paves the way for local production of vaccines during health crises.

A key challenge in the negotiations was the issue of technology transfer—sharing the knowledge and manufacturing capabilities necessary for lower-income countries to produce their vaccines and treatments. To address this, the agreement mandates that manufacturers allocate at least 20% of their real-time production to the WHO during a pandemic, with a minimum of 10% designated for donation and the rest priced affordably for developing nations.

The deal is not yet finalized, as it must be adopted at the WHO Assembly in May, and some details, such as the annex on Pathogen Access and Benefit Sharing, still require further negotiation. However, once ratified, the agreement will bolster global preparedness, enabling quicker responses to future pandemics and more equitable access to life-saving resources.

As health experts emphasize, the global community must invest in preparedness now to avoid the costly toll of another pandemic. “We can’t afford another pandemic, but we can afford to prevent one,” said Helen Clark, co-chair of The Independent Panel for Pandemic Preparedness. This agreement represents a critical step toward ensuring that the world is better equipped to face future health crises with solidarity, transparency, and a commitment to equity.

What Cyprus Can Learn From Greece And Malta’s Growth Strategies

Across the Mediterranean, countries are increasingly competing not only for tourists but also for long-term residents, investment and skilled professionals. Greece and Malta have adopted different strategies to achieve that goal, offering two models that may hold lessons for Cyprus.

The shift comes as the traditional tourism model faces growing pressure. Climate change, overtourism and the rise of remote work have exposed the limitations of economies that depend heavily on peak summer demand. Increasingly, Mediterranean countries are looking for ways to extend tourism activity into year-round economic growth.

Greece Stopped Selling Only The Summer

Greece offers one of the clearest examples of that transition. While its islands have long depended on July and August tourism, many have spent the past decade extending the season through infrastructure investment. Fibre connectivity has expanded to islands that once struggled with unreliable service, while ports have been upgraded with European recovery funding. On islands such as Naxos and Paros, the tourism season now stretches from Easter through November.

A longer season is also attracting more long-term visitors considering relocation rather than short holidays. Unlike tourists who leave after a week, residents contribute to the local economy throughout the year through housing, banking, education and everyday spending.

Athens has adjusted its policy framework accordingly. In 2024, it revised its residency-linked property investment rules, raising the investment threshold to €800,000 in high-demand areas including central Athens, Mykonos and Santorini, while maintaining a €400,000 threshold elsewhere. The objective was to redirect foreign investment toward regions with greater capacity while easing pressure on the country’s hottest property markets.

The policy has attracted attention for attempting to balance investment with concerns over housing affordability and the long-term sustainability of local communities.

Malta Turned Staying Into A Product

Malta has pursued a different strategy. Without Greece’s size or tourism volumes, it focused on attracting internationally mobile industries including financial services, iGaming and maritime registration. Competitive regulation and targeted policies helped establish the country as a base for those sectors.

The result has been a service-driven economy and one of the fastest-growing populations in the European Union, supported largely by international workers.

Alongside employment-based pathways, Malta also offers a residence programme for non-EU nationals combining a government contribution, a property purchase or long-term lease, and a philanthropic donation. Lower property thresholds in southern Malta and Gozo are intended to steer investment towards less-developed areas.

Whatever the broader debate surrounding such schemes, the policy reflects a consistent objective: converting foreign interest into long-term economic participation.

The Risks Of Success

Neither approach is without trade-offs. In Greece, Santorini has become a symbol of overtourism, with cruise arrivals placing increasing pressure on local infrastructure and prompting discussions over visitor limits. Rising demand for short-term rentals has also reduced housing availability for local residents in several destinations.

Malta faces different challenges. Rapid population growth has added pressure to infrastructure and housing, while the country has spent years rebuilding the reputation of its financial services sector following international scrutiny.

Both cases illustrate that attracting investment is only part of the equation. Managing its impact on housing, infrastructure and local communities is equally important.

What Cyprus Can Learn

Taken together, Greece and Malta demonstrate two distinct approaches to long-term economic development.

Greece is seeking to channel investment towards regions that can accommodate growth while reducing pressure on its busiest destinations. Malta has built its strategy around specialised industries, regulatory certainty and structured pathways for long-term residence.

For Cyprus, the lesson is not to replicate either model. Rather, it is to understand the trade-offs behind each approach. As competition for investment and internationally mobile residents intensifies across the Mediterranean, long-term success will depend not only on attracting people and capital, but also on ensuring growth remains sustainable for local communities.

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