Africa-Press – Malawi. Dr Tedros Adhanom Ghebreyesus, WHO Director-General, met today with Werner Hoyer, President of the European Investment Bank (EIB), to discuss the WHO-EIB initiative aiming at promoting an innovative impact investment that will support health systems strengthening in Africa with a focus on Primary Health Care (PHC). A joint statement was released.
WHO welcomed the new EIB commitments to support impact investing, in the context of a new tripartite initiative (WHO-EIB- European Commission), established to support countries across Africa to close the health funding
gap, building resilient health systems based on a solid foundation of PHC, to help them reach health-related SDGs. The EIB President announced € 500 million made available with the aim of mobilizing € 1 billion of new investment to in this partnership supporting resilient health system strengthening based on PHC.
WHO is joining forces with African partners, the EIB and the European Union to marry this significant investment with WHO’s experience and know-how to build resilient health systems. Innovative financing schemes such as this would bring together the work of WHO and the EIB, in a broader and systemic partnership combining grants, WHO technical assistance and impact investments.
EIB has contributed significantly to the global response to the pandemic, particularly by means of investments on vaccines development, supporting local manufacturing, and health system resilience. The EIB invested in strong support for improved access to medicines and vaccines in Africa, local production capacity and technology transfer through the SHIRA initiative.
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