Innovative Financing for Global Health
March 26, 2010
In addition to the final report of the Commission on Smart Global Health Policy, the CSIS Global Health Policy Center recently released the report, “Innovative Financing for Global Health: A Moment for Expanded U.S. Engagement?” by Robert Hecht, Amrita Palriwala, and Aarthi Rao of the Results for Development Institute in Washington, D.C.
The Commission on Smart Global Health Policy turned to the authors for their analysis and expertise on innovative financing mechanisms. In the report, they evaluate the promise of innovative funding sources to help close the global health funding gap of $251 billion over the next seven years, as well as performance-based financing systems that produce better results from current levels of investment.
The authors consider the potential for U.S. involvement in mechanisms like the International Financing Facility, the Advance Market Commitment, and UNITAID. The report analyzes the legislative, bureaucratic, and philosophical barriers to such involvement, and makes clear recommendations for U.S. policy.
While they may not close the global health funding gap entirely, the report finds that innovative financing and U.S. engagement would pay health and economic dividends across the world’s poorest countries and produce important gains for U.S. foreign policy, particularly during a tough economic climate.