Health financing from donors can be better absorbed by beneficiary communities if it were channeled through a single, global fund, experts said.
A constant flow of funding can help governments plan ahead. The move can also help make the disbursement of health financing more stable so that aid-recipient governments need not borrow from financial markets, according to Madalo Nyambose, assistant director at the debt and aid division in Malawi’s Finance Ministry.
“If a young institution such as the Global Fund (to Fight AIDS, Tuberculosis and Malaria) already stands out as delivering stable and predictable financing, it shows the potential advantage of pooling international aid,” Ooms wrote in The Lancet medical journal.
Ooms suggested that the new global health fund can follow the practice of the Global Fund in pooling and earmarking health aid through consultation with recipient nations and independent experts, Reuters reports.