Tedros 2023

Policymakers: Sustainable Finance Framework for Global Health Achievable by 2030

G20 & G7 Policymakers, Financiers and the Global Health Community believe a New Sustainable Finance Framework for Global Health is Achievable by 2030

 

21-22 June United Nations, Geneva: during the two-day annual Health20 (H20) Summit hosted at the UN Palais, G20 and G7 policy-makers, politicians, International Organisations, the global health community, economists and investors are coming together to discuss the future role of health within the new Geopolitical Order and the need for greater cohesiveness between the G20 and G7 Presidencies.

Day one of the summit recognised that governments in the aftermath of COVID-19 now accept the principle that spending on health is a valuable economic and social investment.

To meet future needs of highly indebted countries that cannot currently increase their spending on health and climate change, speakers will call for a sustainable finance framework for global health that eases the sovereign debt burden so that domestic resources can be repurposed, matched by multilateral institutions, with catalytic funds from the private sector.

The launch of a report during the summit will provide a roadmap and toolkit for governments, the health community and investors to help bridge the dead valley of communication between both sectors and to unlock collaboration opportunities to close existing funding gaps in health that is expected to exceed US$ 16.9 trillion by 2050.

With seven years left to catch up in delivery of the United Nations Sustainable Development Goals. The H20 Summit will demonstrate the increasing interdependence of significant global challenges including geopolitical tensions, biodiversity loss, energy, food and water scarcity and climate change challenges.

Given that COVID-19 pandemic is no longer a global health threat, speakers will stress that health must not fade away from global and national political debates and will call on G20+ Leaders, Ministers of Health and Finance to tigger a systems rethink and move up from a reactive health finance approach to a proactive one.

Politicians from across the G20+ countries will call on a stronger alignment and future coordination with the G20 and G7 as policy-priorities set in multilateral fora have to trickle down more effectively to be implemented sustainably by national policy-makers for a new Global Health Architecture to meet the challenges that we are facing today, tomorrow, and for the next generation.

Speakers at the Summit Said:

“I welcome the discussions at the H20 summit, which are taking place at a critical time, as world leaders and multilateral organizations discuss a new order for the global health financing architecture. The COVID-19 pandemic demonstrated that when health is at risk, everything is at risk, which means that financing health is not a cost, but an investment in economic and social stability and security.” Dr Tedros Adhanom Ghebreyesus Director-General, WHO

 

“India’s G20 Presidency aims to converge, consolidate, and create a healthier tomorrow and thereby has reinforced the critical importance of cohesiveness in multi-lateral forums, particularly amongst G20 and G7 health agendas. We as G20 countries collectively carry the responsibility to turn the lessons learnt from COVID-19 into concrete actions by strengthening Global Health Architecture, facilitating equitable access to safe, effective, quality-assured and affordable vaccines, therapeutics, and diagnostics through establishing a Medical Countermeasures Platform and scaling up digital health solutions to aid health service delivery and bridge digital divide through particular focus on global south. We look forward to the enriching discussions in the H20Summit and their value addition to G20 deliberations.” Lav Agarwal, Additional Secretary, Ministry of Health and Family Welfare India

“Most governments in the G7 & G20 now accept the principle that spending on health is a valuable economic and social investment. That is an important step. However, the task now is for the G20 & G7 to build a sustainable funding framework for global health that attracts resources from domestic public funds, multilateral institutions and the private sector, I believe that is now achievable.” Alan Donnelly, Chair of The G20 & G7 Health and Development Partnership

“The term Sustainable Finance in Health has been used in 18 out of 44 Communiques within G20 and G7 fora in the last 7 years. Still, there has been a lack of clarity of in its definition and how it can be used effectively between the health and investment community to unlock further private or impact capital. We must bridge the dead valley of communication – We have already done this for the climate change agenda.” Hatice Beton, Executive Director, G20 & G7 Health and Development Partnership

“With its wider network, the Health20 provides a critical platform to support the convergence of G7 and G20 agendas. The G7 Presidency is committed to follow up on the health-related outcomes of the G7 Hiroshima Summit including to enabling discussions between the health and finance community for the advancement of Universal Health Coverage.” Satoshi Ezoe, Director, Global Health Strategy Division, Ministry of Foreign Affairs, Government of Japan

“The H20 summit provides a timely opportunity to open a dialogue so the investor community can speak more effectively to health ministries, Development Finance Institutions and the global health community, to help close some of the existing funding gaps through their catalytic investments.” Dame Angela Eagle DBE, Member of the UK House of Commons, Global Ambassador G20 & G7 Health, and Development Partnership

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Join us for the annual Health20 Summit in Geneva

21-22 June 2023 hosted by The G20 & G7 Health and Development Partnership

H20 Summit 2023: Geopolitical Order at a Turning Point and Implications on the Future of Health4All – The Power of Cohesiveness in the G20 & G7

2 days | 8 panels | 60+ speakers | 8 Fire-Side Discussions | A CALL TO ACTION to G20 Leaders, Health and Finance Ministers

G20 and G7 policymakers, government ministers, multilateral organisations, the global health community, the private sector, economists and investors, civil society and academia, will join discussions to build upon the recommendations of the G7 Leaders Declaration and ensure cohesiveness and assess the G20 Presidency priorities ahead of this year’s G20 Health-, Finance Ministerial and Leaders’ meetings.

The Summit will be opened by Dr Tedros Adhanom Ghebreyesus, Director-General of the WHO and Baroness Patricia Scotland, Secretary General of the Commonwealth with further speakers to be announced shortly.

Day 1 – will focus on the role of global health in times of multipolar crises and the need for more proactive cohesiveness between the G20 and G7. The report “The Roadmap to Sustainable Finance in Health,” will be launched during the H20 and participants will highlight the misalignment between the health and finance community. They will discuss the trends in sustainable financing in health and assess the need to redesign the Global Health Architecture, given the multi-faceted challenges that impact Health4All including climate change, geopolitical turmoil, social exclusion and migration.

Day 2 – will take stock of current political initiatives within the G20+ and their impact on rising challenges, such as antimicrobial resistance. Further panels will discuss the opportunities to improve Health4All by harnessing AI solutions. Panellists will also evaluate the risks on this path, potentially manifesting or increasing inequitable access to healthcare and innovation, triggered, amongst others, by social exclusion. Finally, participants will discuss the impact of the gender divide on healthcare and external risks such as climate change.

Space for this Summit is very limited, so if you would like to RSVP, please email h20summit@ssdhub.org

Join us in Geneva for the Health20 Summit

The annual Health20 Summit is approaching on 21-22 June 2023, hosted by the G20 Health and Development Partnership at the WHO headquarters in Geneva. Put it in your calendar!

The two-day Summit will see policymakers, global health and finance experts, and representatives from the private and public sectors discuss pressing global health issues, including health in the digital age, AMR, and sustainable financing to make concrete recommendations to the G20 and G7.

We will be launching our Finance Toolkit Report, which considers what sustainable finance means for health and aims to bridge the disconnect between the investor and health communities and promote ESG investments for health.

We look forward to welcoming you at the Summit and joining our discussions!

A Call To Action to H20 leaders

The G20 Health & Development Partnership has issued a Call to Action to G20 leaders following a two-day H20 Summit at the WHO in Geneva. The Summit – organised by @G20HDP and co-hosted by the T20 – brought together key players in the global health policy community with over 70 expert speakers making recommendations on investment in pandemic preparedeness, preventing non-communicable diseases (NCDs) and anti-microbial resistance (AMR); as well as on global health architecture, digital health and diagnostics.

The Call to Action below has been signed by international health NGOs, politicians and academics. It calls on the G20 to put the new Financial Intermediary Fund a long-term footing with sustainable funding. The Call to Action also urges the G20 and G7, IMF, the World Bank and the Paris Club to tackle the growing debt crisis resulting from the pandemic with measures, such as, debt to health swaps.

The G20 and WHO, with the support of multilateral development banks, are urged to help create regional Centres of Excellence for collaborative R&D and manufacture of diagnostics and therapeutics. The G20 Digital Health Taskforce should be given a mandate for addressing equity, evidence and scale up of digital interventions across health systems with a focus on primary care

It also recommends a new permanent ‘structured dialogue’ to tackle AMR a new comprehensive plan of action to reduce the incidence of NCDs such as cardiovascular disease and cancer.

See the Call To Action here

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