Development Community, Private Sector Must Work Together To Fill Global Health Financing Gap
Devex: Opinion: A fresh take on the global health financing gap
Brigit Helms, vice president for technical services at DAI; Chris LeGrand, president at DAI Global Health; and Robin Young, technical adviser and team leader on investment and financial services projects in frontier markets at DAI
“The international development community increasingly looks to the private sector to fill financing gaps, and global health is no exception. … [T]he U.S. Agency for International Development estimates that we need to triple global health funding to achieve our collective goals in this space … [T]he global health financing gap is real, but so is investor interest in health and related frontier markets. To capitalize on this interest, the development community must create more space and additional opportunities for the global health and investment sectors to interact and understand each other better. Speaking the same language about the potential of investment facilitation and innovative financial instruments — whether they offset origination costs through transaction advisory services, mitigate risks through loan guarantees, or advance proven solutions with [development impact bonds (DIBs)] or other mechanisms — will be critical for driving more private capital into health” (5/22).