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WHO and multilateral development banks launch US$1.5 billion primary health financing platform with new funding and launch of first investment plans in 15 countries
Execution begins under the new Health Impact Investment Platform on the country's first healthcare investment plans, turning the original commitment into an operational reality. A landmark partnership between the Multilateral Development Banks (MDBs), the World Health Organization (WHO) and low- and middle-income countries (LMICs) addresses the critical need for coordinated efforts to strengthen primary health care (PHC) in vulnerable and underserved communities, build resilience to pandemic threats such as smallpox and the climate crisis.
At a high-level round table in New York on the sidelines of the UN Future Summit in New York today, new funding was signed and it was agreed that partners will sit down and begin identifying needs and planning improvements to health care in 15 countries*.
The round table was attended by the three founding MDBs of the partnership – the African Development Bank (AfDB), the European Investment Bank (EIB) and the Islamic Development Bank (IDB) -, WHO and heads of state, as well as finance and health ministers from Djibouti, Egypt and Ethiopia. . The Asian Development Bank also attended the high-level meeting and announced its intention to join the Health Impact Investment Platform to expand the initiative to the regions where it operates.
The EIB and WHO have signed an initial contribution of 10 million euros to start the implementation of these investment plans. The Islamic Development Bank and the African Development Bank are finalizing their contributions for the same amount to be signed in the near future.
The platform is a key part of the effort to unlock €1.5 billion in concessional loans and grants to expand and improve primary health care services in low- and middle-income countries, particularly in the most vulnerable communities. The investment plans now being developed in these 15 countries, as phase 1, are expected to make up a significant portion of that financial effort.
The platform aims to work in close partnership with governments to develop national health strategies focused on primary health care and to prioritize investment opportunities that meet national health needs. Today's launch comes a year after the platform was announced during Summit for a New Global Financing Pact in Paris.
dr. Ibrahima Sy, Minister of Health of the Republic of Senegal, said: “It is important to involve the private sector, local communities and different forms of financing to encourage progress in health. The involvement of WHO, multilateral development banks and countries is essential to direct investments from this Platform to provide primary health care on the ground and develop local capacities for vaccine production.”
dr. Jane Ruth Aceng, Uganda's Minister of Health said: “I congratulate you for coming up with this very important platform. All our problems are actually at the level of primary health care, whether it's about disease outbreaks, whether it's about access to health care, everything is at the level of primary health care and that's where our diseases start and end.”
“Primary health care is the most equitable, cost-effective and inclusive way to improve health and well-being, helping to keep people healthy, prevent disease and detect outbreaks at their earliest stages,” said Dr Tedros Adhanom Ghebreyesus, WHO Director. General. “The Health Impact Investment Platform will be a vital source of new funding to build climate- and crisis-resilient primary health care in some of the countries that need it most. WHO thanks the multilateral development banks for their partnership, and we are committed to working closely with countries to put these funds to work and start making a difference in the communities we serve.”
Nadia Calviño, President of the European Investment Bank, said: “A year ago we launched the Health Impact Investment Platform, and today we are taking the next steps with our contribution to help countries develop their own customized investment plans. Supporting primary health care services is the foundation of strong communities. Close cooperation with colleagues from the Multilateral Development Bank and partner countries, guided by the expertise of the World Health Organization, we make a difference.”
“The world's health security is only as strong as its weakest part, and the new funding announced today will help countries improve primary health care, which is key to stopping disease outbreaks in their tracks,” said Jutta Urpilainen, European Commissioner for International partnerships. “In addition to funds, the Platform will strengthen partnerships between countries and financiers to ensure effective investment of funds.”
Before the COVID-19 pandemic, the WHO estimated that low- and low-middle-income countries needed to significantly increase their spending on health and need an additional US$371 billion a year collectively by 2030, in order to achieve the health-related Sustainable Development Goals. it would enable the population to access health services, contribute to the construction of new facilities, and train and place health workers where they need to be. It has also been estimated that preparing for future pandemics will require investments of the order of USD 31.1 billion per year. About one third of that total should come from international funding.
The new Platform is based on the experience gained through cooperation between countries, multilateral organizations and development banks, which proved fruitful during the pandemic. For example, the WHO, the EIB and the European Commission supported Angola, Ethiopia and Rwanda in strengthening their health systems. Initially launched as stand-alone programs or as part of countries' responses to COVID-19, these interventions have mobilized technical assistance, grants and investments with favorable conditions to build or implement interventions related to primary health care.
*The 15 countries identified as part of the first phase of the Health Impact Investment Platform are:
- Burundi
- Central African Republic
- Chambers
- Djibouti
- Egypt
- Ethiopia
- Gambia
- Guinea-Bissau
- Jordan
- The Maldives
- Morocco
- Senegal
- South Sudan
- Tunisia
- Zambia
Editor's notes
About the World Health Organization
The World Health Organization (WHO) is the specialized health agency of the United Nations. It is an intergovernmental organization and works in cooperation with its member states, usually through ministries of health. The World Health Organization is responsible for providing leadership on global health issues, shaping the health research agenda, setting norms and standards, articulating evidence-based policy options, providing technical support to countries, and monitoring and assessing health trends.
Media contact: [email protected]
About the African Development Bank Group
The African Development Bank Group (AfDB) is Africa's leading development finance institution. It consists of three different entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigerian Trust Fund (NTF). On the ground in 37 African countries with an external office in Japan, the AfDB contributes to the economic development and social progress of its 54 regional member states.
About the European Investment Bank
The European Investment Bank (EIB) is a long-term credit institution of the European Union owned by its member states. It finances sound investments that contribute to EU policy objectives. EIB activities are focused on the following priority areas: climate and environment, development, innovation and skills, small and medium-sized enterprises, infrastructure and cohesion. The EIB works closely with other institutions and has provided a total of more than €42 billion in financing for health-related projects worldwide since it began investing in the sector in 1997.
Media contact: [email protected]
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Sources 2/ https://www.who.int/news/item/23-09-2024-who-and-multilateral-development-banks-kick-off-primary-health-financing-platform-with-new-funds-and-launch-of-first-investment-plans-in-15-countries The mention sources can contact us to remove/changing this article |
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