HEALTH FINANCE COALITION
To achieve the world’s ambitious global health goals (SDG 3), we need to mobilize significant new sources of funding that build on current donor and government spending for global health outcomes.
A new Health Finance Coalition brings together leading philanthropies, health donors, technical partners, and institutional investors to pair concessional and commercial funding in a “capital stack” approach to address some of Africa’s biggest health challenges.
The World Health Organization estimates an annual funding gap of approximately USD $240 billion to achieve SDG 3. The most pressing needs are in sub-Saharan Africa, which bears 93% of global malaria cases and 94% of global malaria deaths. Currently, just 1.6% of the annual $500 billion global impact capital market is invested in the health sector in Africa.
FINANCING MODELS FOR BETTER HEALTH
The Health Finance Coalition seeks to identify, structure, and execute a series of deals to demonstrate the potential of blending concessional and commercial investment capital to meet critical financing needs of the global health ecosystem and deliver competitive, risk-adjusted financial returns.
These investments will focus on areas of need and opportunity such as supply chain transformation and public-private models for primary care delivery. However, in response to COVID-19, the coalition is looking to mobilize initial deals that will provide material aid to Africa's response to the pandemic.
The Coalition is led by Malaria No More with financial support from the Rockefeller Foundation and The MCJ Amelior Foundation.
STRENGTHENING PRIMARY HEALTH CARE IN AFRICA DURING COVID-19
The Health Finance Coalition launched a new emergency loan guarantee facility to shore up private sector healthcare in 5 African countries during COVID-19. The Open Doors African Private Healthcare Initiative is one of the 1st initiatives to address the economic crunch facing private health providers in Africa due to COVID-19. The facility makes more than USD$30 million available to these private, small- and medium enterprises in Ghana, Kenya, Nigeria, Tanzania, and Uganda, enabling them to continue offering essential health services – including malaria diagnosis and treatment – to more than 5 million Africans.
The facility is managed by Malaria No More and backed with catalytic investment by the U.S. President’s Malaria Initiative (PMI), a loan guarantee from the U.S. International Development Finance Corporation, funding from The Rockefeller Foundation, the Skoll Foundation, and the MCJ Amelior Foundation and additional support from the U.S. Agency for International Development’s Center for Innovation and Impact (CII). The Medical Credit Fund will administer the loans. For more information or to apply for a loan visit: www.medicalcreditfund.org
HEALTH FINANCE COALITION STEERING GROUP PARTNERS
Rockefeller Foundation
Blue Like An Orange Sustainable Capital
The Bill & Melinda Gates Foundation
The Global Fund to Fight AIDS, Tuberculosis and Malaria
The World Bank
The World Health Organization
Royal Philips
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