Support Innovative Financing Mechanisms For Global Health
“Millions of lives are saved today in developing countries because of bold, innovative financing arrangements over last 10 years. These financing mechanisms are good examples of private sector partnership with public sector for common good,” Taufiqur Rahman, an international health consultant, writes in The Hill’s “Congress Blog.” He describes several examples, including the GAVI Alliance, the Global Fund to Fight AIDS, Tuberculosis and Malaria, the International Finance Facility for Immunization (IFFIm), UNITAID, Clinton Foundation efforts, and the patent pools, Medicines Patent Pool (MPP) and Pool for Open Innovation. Rahman concludes, “Our efforts must be to support and expand these innovative financing mechanisms and promote innovation for efficient pricing arrangements. At the same time, we must ensure that these financing mechanisms remain lean, efficient, and transparent” (1/4).