- The Health Impact Investment Platform was established by three multilateral development banks and the World Health Organization to finance the provision of primary healthcare in low- and low-and-middle-income (LICs and LMIC) nations that is climate and crisis resilient. Concessional loans and grants totaling €1.5 billion will be made available by the Platform to increase service options for areas and populations who are most in need. The WHO will coordinate policy for choices about funding.
- With a total of €1.5 billion in loans and grants, multilateral development banks and the WHO establish the Health Impact Investment Platform for primary healthcare services in low- and low-and-middle income countries that are climate and disaster resilient.
- 90% of all necessary medical care is provided by PHC, which also provides rehabilitative services and works to promote health and prevent disease. The Health Impact Investment Platform will improve primary healthcare delivery while fostering community wellness and preparing for potential health catastrophes in the future. Werner Hoyer, president of the European Investment Bank, assists nations in improving their primary healthcare systems.
- “COVID-19 demonstrated the great human and economic suffering that can occur when we fail to invest in essential health services,” Dr. Hoyer said.
- Prior to the COVID-19 pandemic, the World Health Organization (WHO) predicted that LICs and LMICs would need to dramatically raise their health spending and add an additional $371 billion yearly by 2030 in order to achieve the health-related Sustainable Development Goals (SDGs).
- Every year, $31.1 billion is needed to prepare for pandemics, with $3 billion coming from foreign funding. The National Primary Health Care Investment Plans are the vehicle through which the Health Impact Investment Platform seeks to organize and coordinate funding flows.
- The platform draws on effective collaboration during the pandemic between nations, multilateral organizations, and development banks. The African Development Bank Group, which consists of the AfDB, ADF, and NTF, will collaborate with nations to pinpoint gaps, develop interventions, get funds, carry out projects, and assess the results.
