Great. Thanks so much for the question.
I would succinctly say that our global governance systems are not up to 21st-century threats, as we're seeing with COVID-19. There's a full range of different threats for which they are not up to standard.
When we look to the World Health Organization, we see that it is the leading [Technical difficulty—Editor] authority on public health, but for at least a couple of decades, it has been chronically denied the resources that it needs to actually carry out its job effectively. We're at a point now where only 20% of WHO's budget is funded by core contributions. Eighty per cent is conditional. It's voluntary. The organization can't count on it, such that when bad things happen, like COVID-19, the organization is left to scramble.
Now there are the international health regulations, which are the legally binding instrument that govern how 195 countries around the world are supposed to respond to outbreaks, but it is itself a rather weak instrument. It was revised most recently in 2005, as was mentioned.
Its origin, though, is actually 1892. It used to be called the international sanitary convention. Again, we are using mechanisms that don't have compliance mechanisms and don't have sanctions if countries don't follow through. As a result, most countries in the world are currently violating that binding international legal agreement.
Consequently, there is a proposal on the table for a global pandemics treaty. Every global health law professor in the world, myself included, would be supportive of that. The reason I can say that so clearly is that I currently chair the Global Health Law Consortium, which is a network of all the world's global health law professors.
If you bring different law professors into the same room, we all disagree on basically everything, yet the one thing we agreed on is that the international health regulations need to be reformed. They need to be strengthened, and there is also consensus that there's a big opportunity with the potential global pandemics treaty.