Before the COVID-19 pandemic, the World Health Organization (WHO) estimated that an additional US$134 billion a year was needed to be spent in low- and low-and-middle-income countries to reach the health-related Sustainable Development Goals, an amount predicted to rise to US$371 billion by 2030. With the disruption to health services provoked by the pandemic, this gap grew even larger - with many countries already facing the pressure of indebtedness, conflict, and climate change.
At the core of the much welcome debate around a New Global Financing Pact lies the challenge of providing health and wellbeing for all. But to do that, the world urgently needs a more coordinated financing approach, to bridge the gap between health systems investment needs and the challenge of limited domestic funding in Low Income Countries (LICs) and many Middle Income Countries (MICs). Establishing effective financing arrangements is critical for the development of high-impact, equitable, people-centered primary health care services.
This will be the topic of the High-level roundtable on innovative finance to accelerate investment in Primary Health Care and health systems resilience. This side event will gather the perspectives of regional partners, heads of governments and policymakers, alongside the leaders some of the world’s Multilateral Banks, to renew their commitment to the sector and to launch a coordinated approach to financing for health in support of low- and low-middle income countries.
To turn this commitment into action, the African Development Bank, the European Investment Bank and the Islamic Development Bank are launching a new Health Impact Investment Platform with the World Health Organization. Through the Platform, the founding partners aim to make available financing for Primary Health Care and health systems resilience investments in LMICs.
Speakers include:
- Prime Minister Mia Amor Mottley, Barbados
- Prime Minister Edouard Ngirente, Rwanda
- Moussa Faki, Chairperson Commission of the African Union
- Francois Braun, Minister of Social Affairs and Heath, France
- Dr Tedros Adhanom Ghebreyesus, Director-General, World Health Organization
- Werner Hoyer, President, European Investment Bank
- Muhammad Al Jasser, President, the Islamic Development Bank
- Akinwumi Adesina, President, African Development Bank
- Ilan Goldfajn, President, Inter-American Development Bank
- Dilma Vana Rousseff, President, New Development Bank
- Carlo Monticelli, Governor, Council of Europe Development Bank
- Jin Liqun, President Asian Infrastructure Investment Bank
- Jutta Urpilainen, International Partnerships Commissioner, European
Contact for more information:
EIB: Antonie Kerwien, a.kerwien@eib.org, +352 691 289 790WHO: Paul Garwood, garwoodp@who.int, +41796037294