Investing for the Few: The IFC’s Health in Africa initiative
The International Finance Corporation (IFC)’s Health in Africa initiative is at odds with the World Bank Group’s welcome commitment to universal and equitable health coverage and to shared prosperity. The $1bn initiative, which promotes private sector healthcare delivery, is extremely unlikely to deliver better health outcomes for poor people. Furthermore, the IFC’s failure to measure the extent to which Health in Africa impacts on people living in poverty is inexcusable.
Instead of investing in risky private sector solutions, the World Bank Group should focus on supporting African governments to expand publicly provided healthcare – a proven way to save millions of lives worldwide and to drive down inequality – and help them to abolish user fees and strengthen their capacities to regulate the private sector.
Investing for the Few