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With the 2030 SDGs Looming, the Public and Private Sectors Team Up for Global Health
Global health funding is no longer the sole purview of local governments and international donors. Despite large contributions (nearly $8 trillion in 2013) from traditional donors, there is still a critical funding gap of $2.5 trillion annually – in developing countries alone – to achieve the U.N.'s 2030 Sustainable Development Goals. Fortunately, public and private actors are teaming up to close that gap. Rachel Fowler of USAID discusses some intriguing examples, including a first-of-its-kind development impact bond aiming to reduce maternal and newborn deaths in Rajasthan, India.
- Categories
- Health Care, Investing
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New Impact Investing Fund Will Support Nonprofits And Better Health Outcomes
AIM Healthy loans and lines of credit can, for example, help a recuperative-care nonprofit to add beds that provide a bridge between the hospital and permanent housing – combatting homelessness as well as hospital and jail readmissions, or a food-as-medicine nonprofit to partner with a health plan to lower costs and improve outcomes for patients with chronic diseases.
- Categories
- Health Care, Investing
- Region
- North America
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Blended Finance Gets a $500 Million Boost: Convergence CEO Discusses Groundbreaking Partnership with IFC
US $2.5 trillion: That’s the estimated funding gap the world needs to close in order to achieve the Sustainable Development Goals. To achieve this daunting goal, says Convergence CEO Joan Larrea, “We need to tap into new sources of capital, particularly from private investors” – a goal Convergence advances by connecting, educating and supporting investors to execute blended finance transactions. This approach recently got a half billion dollar shot in the arm; our interview with Larrea reveals how.
- Categories
- Health Care, Investing
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Medical loans: Oxxy making health care affordable
In a country where a majority of poor and middle class households do not have a safety net for tackling health expenses, Oxxy has offered a bouquet of services to have affordable options for its customer base, starting from getting them up to 50% discount on medical expenses to getting all the medical expenditure to be paid in easy monthly installments.
- Categories
- Health Care
- Region
- South Asia
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Tedros’ fundraising strategy for WHO, global health
Tedros has repeatedly mentioned the need to expand the WHO’s donor base, and he reiterated this during his first press conference as the newly elected director-general on Wednesday at Palais des Nations in Geneva, where the current 70th World Health Assembly is held. WHO’s funding unit requires upsizing in terms of size and skills of human resources, he said. WHO should look into what it can learn from other United Nations agencies, such as UNICEF, on the issue of fundraising.
- Categories
- Health Care
- Tags
- global health, health care, healthcare finance, UN, WHO
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