PRESS RELEASE: World Bank Group’s billion dollar private sector health initiative in Africa is failing to reach the poor

Thursday, September 11, 2014

A billion-dollar flagship scheme to support private sector-led health care in Africa is bypassing poor people and concentrating instead on high-end urban hospitals catering mainly for the rich.

Oxfam says that the “Health in Africa” initiative, run by the International Finance Corporation’s (IFC) – the private sector arm of the World Bank Group – is undermining the Bank’s own public commitments to universal and equitable access to health.

“Health in Africa is not helping to reduce the health-care gap between rich and poor people in Africa. The IFC cannot demonstrate that this scheme is reaching poor people,” said Oxfam spokesperson Nicolas Mombrial.

Source: Oxfam (link opens in a new window)

Categories
Entrepreneurship, Health Care
Tags
Base of the Pyramid, global health, investment fund, poverty, public health