Firstly, the very meeting of the International Health Regulations Emergency Committee to assess whether covid-19 remains a Public Health Emergency of International Concern (PHEIC) is, in itself, good news.  It is an indicator of the marked improvement in the global pandemic situation.  

For the rest, it seems reasonable that the WHO would like to maintain PHEIC until further progress has been made in: 1) member states' medium- to long-term preparedness and prevention plans, 2) maintaining attention on the surveillance of new variants and 3) assessing some regulatory aspects (some authorisations for vaccines, diagnostic tests and treatments, in some countries, are covered by the declaration of covid-19 as PHEIC).   

In short, a step that implicitly recognises the improved situation of the pandemic and - as was to be expected from the WHO - advances with the necessary caution in reducing the global alert.