Innovative financing mechanisms for health care have had had mixed results over the past few years, writes Humberto Laudares in an exclusive guest opinion. Check out this excerpt from the Global Fund to Fight AIDS, Tuberculosis and Malaria’s innovative financing officer:
Today, there are several noteworthy innovative financing opportunities, including:
Sovereign wealth funds: More than $4 trillion in assets are being managed by these investment funds, but so far there is no evidence of them channeling significant assets into development activities.
Emerging economies: Keeping expectations low in the short term is fundamental; the triangular South-South cooperation mechanism is the most appropriate mechanism to initially work with countries like Brazil and India.
Financial markets: The political momentum around the financial transaction tax seems to be maturing; the concept of taxing a little-taxed and highly profitable businesses appears even more attractive during budgetary and financial crisis, and as discussed at last month’s G-20 meeting in Cannes, it may be reasonable to dedicate part of FTT revenue to global development.
Read Humberto Laudares’s full op-ed, brought to you by Devex in partnership with the United Nations Foundation.