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Africa Spends Billions Of Domestic Funding On Health
MONROVIA, August 29 (LINA) – The Director-General of the World Health Organization (WHO), Margaret Chan, has revealed that African countries spent about US$126 billion of their domestic funding for health in 2014.
She estimates that an additional $65 to $115 billion domestic funding can be mobilized annually over the next ten years.
A World Bank release quotes Chan as saying, “WHO is working with countries in Africa to generate those funds and help them shape the policies that will put them to best use.”
“Although the evidence is clear that investing in health pays dividends for countries, challenges remain in the delivery and financing of health care,” she noted.
Meanwhile, the release has said the World Bank Group, government of Japan and private sector partners have launched the Pandemic Emergency Financing Facility
The innovation is a fast-disbursing global financing mechanism designed to protect the world against deadly pandemics, which will create the first-ever insurance market for pandemic risk.
It will also promote greater global and national investments in preparing for future outbreaks and strengthening national health systems.