By Marshall Stowell, editor-in-chief of Impact magazine, and Devex Editor Rolf Rosenkranz
The complex landscape of philanthropy and investment in global health is undergoing remarkable changes. Traditional government funders, critical for bringing life-saving health interventions to scale, are increasingly partnering with corporations, foundations, philanthropists and low- and middle-income governments.
Data from the Institute of Health Metrics and Evaluation shows that high-income donor government funding to global health increased for approximately a decade, leveling off in 2009. Health has also remained a top priority among private foundations since 2001, according to the Foundation Center. Corporations and their foundations increasingly seek hands-on, longterm relationships with their nonprofit partners; “return on investment” has gained new meaning with the emergence of impact investing in development. Health priorities, too, are shifting as the needs of those in the partner countries evolve.
In the currnet edition of Impact magazine, PSI partners with Devex, the leading source of international development news, analysis and advice, and Fenton Communications to present a special report on a new era in philanthropy and investment in global health. The report examines giving to global health in five categories: governments in high-, middle- and low-income countries; corporate and private foundations; as well as impact investors and other emerging sources of funding.
We spoke with U.K. Secretary of State for International Development Justine Greening about the Department for International Development’s global health strategy and predictions for global health after 2015. Dr. Walter Gwenigale, the Republic of Liberia’s minister for health and social welfare, shares his thoughts on how global health funding should be spent, and Unilever CEO Paul Polman discusses with PSI President and CEO Karl Hofmann ways the global community can rally to deliver more effective, efficient and equitable aid to the most needy.
Check this page in the coming days as we publish more op-eds and exclusive interviews with leading global health experts. Join the conversation on financing global health by sharing your comments below. Or, follow #GHfunding on Twitter and hear what others are saying.
Find out more about the ”Report on Global Giving: A New Era of Philanthropy and Investment in Global Health” by PSI in partnership with Devex and support by Fenton Communications, and sign up to receive PSI’s Impact magazine. Subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.