The COVID‐19 pandemic, which has brought the world economy to an unprecedented synchronized recession, makes for a profound collective global experience. It should urge us to reshape our collective actions. We call for a transformation of global health funding in three major ways to reinforce the global community’s resilience to health shocks:
- Ensuring a sustained source of revenue for global common goods for health through a mix of national, global, and regional taxation.
- Pooling resources under coordinated institutional mechanisms accountable to global citizens.
- Strategic purchasing focused on global common good and function‐based rather than disease‐centric investments.