Devex Examines Healthy Brains Global Initiative, New Group’s Efforts To Raise $10B
Devex: The Healthy Brains Global Initiative, the next Global Fund?
“Brad Herbert hopes to raise $10 billion for a new global initiative set to launch in 2021 at Davos. But with the coronavirus creating a global economic crisis, he is aware raising funds is going to be a huge challenge. … A number of NGO leaders are already facing fundraising challenges, with some anticipating reduced aid levels in the coming year. But Herbert, who sits as the interim CEO at the Healthy Brains Global Initiative — a global financing mechanism that aims to fuel research on neurological and mental health disorders — finds that it’s important to get started. COVID-19 has created conditions that impact the mental health of populations globally. If action is not taken to curb this, he said the world economy could lose trillions to mental disorders in the next decade, more than the projected $6 trillion by 2030…” (Ravelo, 10/29).