global health financing
GLOH-bul HELTH FY-nan-sing
ˈɡloʊbəl hɛlθ ˈfaɪnænsɪŋListen
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Dictionary meaning
the mechanisms, flows, and governance structures through which financial resources for health are raised, pooled, and allocated at international level, encompassing development assistance for health from bilateral donors and multilateral institutions, philanthropic funding from foundations such as the Bill and Melinda Gates Foundation, innovative financing instruments such as health bonds and advance market commitments, and domestic resource mobilisation in low-income countries; global health financing has grown dramatically since the establishment of the Global Fund to Fight AIDS, Tuberculosis and Malaria in 2002 and PEPFAR in 2003, with global development assistance for health reaching approximately forty billion dollars annually by the early 2020s; its governance involves complex negotiations between donor governments, recipient countries, multilateral organisations, civil society, and the private sector
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