New U.S. DFC Can Support Health Innovation If Government Can Provide Resources, Authorities, PATH CEO Writes
Devex: Opinion: The new U.S. development agency could be a game-changer for health innovation
Steve Davis, president and CEO of PATH
“…With another stopgap funding measure, the widely anticipated launch of the U.S. International Development Finance Corporation, or DFC, was stalled from its Oct. 1 deadline. … I hope Congress and the administration will come together to provide the necessary resources and authorities to get the DFC launched. That’s just the first step. Even now as the DFC leaders start laying the groundwork for an investment strategy, they should look toward health as a key priority. … By deploying new financing models — including much-needed blended finance options that combine public and philanthropic resources to mobilize private capital — the DFC has the power to bring in a range of new partners to advance health innovation…” (11/1).