Health as a sustainable investment
It’s estimated that financing the achievement of the SDGs by 2030 will require an additional 30 trillion USD in investments over the next decade. Significant financial resources will be necessary to reach these targets as funding by philanthropy (150 billion USD annually) and governments in OECD countries (10 trillion annually) in health and education will not close the existing funding gaps.
We highlight the underinvestment in tackling global disease. It holds back growth and economic performance, presenting major long-term challenges for public resources. There are over US$200 trillion in capital markets. If we spend just 0.5% on health, we can close the SDG 3 gap by 2030. New models of impact investment and blended financing working with governments, philanthropic organisations, development banks and private sector investors can significantly close the existing funding gap to achieve SDG 3.
Based on the experiences of dealing with previous pandemics and COVID-19, we aim to raise awareness that the future of sustainable financing in health should no longer be seen as disaster relief. Innovative models should be promoted and presented to G20 Health and Finance Ministers and G20 Heads of State.
As the G20 continue to focus on areas of global health security and health system strengthening, including the response to COVID-19 and the rise of silent pandemics such as antimicrobial resistance and non-communicable diseases, we add value to these campaigns and drive political support. We see technological innovations creating a new era of e-health and the role of patients and health workers will form the central idea of our work in mobilising political support to achieve universal health coverage by 2030.
We achieve this by breaking down barriers
“There is no doubt that improving patient safety must be a priority for health systems”
Dr Tedros Adhanom Ghebreyesus, Director General, WHO
In collaboration with RLDatix we held an Online Panel Discussion for the launch of the International Patient Safety Report: ‘The Overlooked Pandemic – How to Transform Patient Safety and Save Healthcare Systems’.
Click the image to read the report
If We Can’t Measure It, We Can’t Fix It
Creating common metrics to assess health investment and measure the impact of that investment on economic growth and societal well-being and ensure health and financial system’s resilience.
This paper sets out a four-step framework on how the G20 can establish a series of health metrics to measure the performance of the Health Economy. Based on a wealth of research from the last two decades, this framework can help mitigate risks of future pandemics and ensure that governments understand the greater value of the Health Economy as a driver of economic growth, wealth and employment.
We scope the health technology horizon for gaps that need to be filled in order to lessen inequalities and fulfil SDG 3 commitments