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€ 500 million commitment under the WHO-EIB partnership, with EU support, for health systems in Africa
Dr. Tedros Adhan Ghebreyesus, Director-General of the WHO, met today with Werner Hoyer, President of the European Investment Bank (EIB), to discuss the WHO-EIB initiative aimed at promoting innovative investment that will support the strengthening of health systems in Africa. focus on primary health care (PHC). A joint statement was issued.
WHO welcomes new EIB commitments to support performance investment, in the context of a new tripartite initiative (WHO-EIB – European Commission), established to support countries across Africa to bridge the health finance gap by building resilient health systems based on solid PHC foundations to help them achieve health-related SDGs. The President of the EIB announced that EUR 500 million had been made available to mobilize EUR 1 billion in new investments in this partnership, which supports the strengthening of a resilient healthcare system based on PHC.
WHO is joining forces with African partners, the EIB and the European Union to combine this significant investment with WHO experience and knowledge to build resilient health systems. Innovative funding schemes like this it would unite the work of the WHO and the EIB, in a broader and systematic partnership combining grants, WHO technical assistance and influential investments.
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Background:
About the European Investment Bank
- The EIB is the European Union’s investment bank and is owned by EU member states
- In early 2022, the EIB established a new subsidiary – EIB Global – to develop innovative investments, sustainable living, climate action, support for neighborhood policies and EU enlargement, etc. EIB Global will operate / invest outside the EU.
About the EIB-WHO partnership, incl. financial information
- In May 2020, the EIB and the WHO signed a Memorandum of Understanding to expand their cooperation on strengthening public health, basic equipment supply, training and investment in hygiene in the most sensitive countries to COVID-19. The main areas of cooperation include:
- Improving local public health efforts to combat coronavirus
- Building resilient health systems in vulnerable countries across Africa
- Long-term collaboration to overcome market failures in global health
- Increase investment to combat antimicrobial resistance
- Improving the effectiveness of malaria treatment
- Strengthening EIB support for healthcare, life sciences and investments in COVID-19
EIB support for the global response to COVID-19
The EIB has made a significant contribution to the global response to the pandemic, in particular through investment in vaccine development, support for local production and the resilience of the health system. The EIB has invested in strong support for better access to medicines and vaccines in Africa, local production capacity and technology transfer through the SHIRA initiative.
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Sources 2/ https://www.who.int/news/item/17-02-2022-a-500-million-pledge-under-the-who-eib-partnership-with-the-support-of-the-eu-for-health-systems-in-africa The mention sources can contact us to remove/changing this article |
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