GBCHealth
| File:GBCHealth.jpeg | |
 | |
| Private | |
| ISIN | 🆔 |
| Industry | NGO |
| Fate | Operating |
| Founded 📆 | |
| Founder 👔 | |
Areas served 🗺️ | Worldwide |
| Services | Economic Growth, Healthcare Financing |
| Members | |
Number of employees | 11-50 |
| 🌐 Website | gbchealth.org |
| 📇 Address | New York, USA |
| 📞 telephone | |
The Global Business Coalition for Health (GBCHealth) is an international organization that unites businesses, non-governmental organizations (NGOs), and governments in an effort to improve global health outcomes. By leveraging the influence and resources of the private sector, the organization aims to address health challenges that impact communities, supply chains, and economies worldwide. The organization emphasizes the interconnected nature of health and economic growth, advocating for health equity as a critical component of sustainable development.[1]
Mission[edit]
GBCHealth's mission is to engage businesses in addressing global health challenges by:[2]
- Collaborative Projects: Working alongside businesses that understand the impact of health on their ecosystems—including their teams, customers, suppliers, and communities.
- Mitigating Health Risks: Partnering with companies, NGOs, and governments to reduce global and national health risks through various projects and expertise.
- Health Equity: Driving commercial growth for partners while simultaneously promoting health equity globally.
Growth[edit]
Between 2000 and 2010, Africa experienced significant economic growth, with an average real annual GDP increase of 5-6%. However, this growth slowed to about 3% per year between 2010 and 2015. Projections indicated a slight decline in growth from 3.4% in 2017 to 3.2% in 2018. The growth during these periods was driven by several factors:[3]
- External Factors: Strengthening global demand and a moderate rise in commodity prices.
- Domestic Drivers: Sustained investment in infrastructure, increasing oil production due to the exploitation of new fields, strong private consumption, and favorable weather conditions.[4]
Drawback[edit]
Despite this economic growth, its impact on poverty reduction and employment creation has been limited. The poverty headcount ratio declined from 54.3% in 1990 to 36% in 2016. However, the number of people living in poverty has remained relatively constant at 390 million since 2002. Rapid population growth, estimated at 2.6% from 1990 to 2015, driven by decreasing mortality and relatively high fertility, is expected to gradually alter Africa's age structure. This demographic shift has significant implications for the disease burden and healthcare provision on the continent.
Financing[edit]
Although several African governments have increased the proportion of total public expenditure allocated to health, overall health financing remains a major constraint. The slowdown in economic growth and high public indebtedness have limited the fiscal space for public healthcare financing. The average debt-to-GDP ratio increased by 15 percentage points from 2010 to 2017. Total healthcare spending in Africa has averaged between 5-6% of GDP from 2000 to 2015, although per capita spending nearly doubled from $150 to $292 (in constant PPP dollars).[5]
Due to scarce public resources and unpredictable donor aid, high private out-of-pocket expenditures have pushed many people into poverty. Consequently, healthcare spending in Africa is inadequate to meet growing financing needs and rising demands, creating a significant financing gap of $66 billion per year.
Innovation[edit]
To address the financing gap, African countries must enhance funding for the health sector by identifying innovative sources of finance and accessing private financial investors. This approach can help provide high-quality, affordable, and accessible healthcare. Potential strategies include:[6]
- Private Sector Engagement: Leveraging the capital and capacity of the private sector to complement government financing and increase investments.
- Ease of Doing Business: Improving business conditions, issuing health bonds, and establishing public-private partnerships (PPPs).
Solution[edit]
In 2012, Uganda and Kenya implemented a PPP service delivery system focused on national priorities of reproductive health services for young people using vouchers. This initiative improved the delivery of key services for young people and strengthened the monitoring and evaluation of national health outputs and outcomes.[7]
Morocco, the second-largest African pharmaceutical producer, has 40 pharmaceutical units that supply 70% of domestic demand and export about 10% of their production. This private sector engagement contributes to employment creation, economic diversification, and bridging the health resource gap.[8]
AfCFTA[edit]
The recently signed Africa Continental Free Trade Area (AfCFTA) is expected to boost Africa's GDP by 1% and total employment by 1.2%. This agreement provides further potential for expanding the private health sector's role in diversifying African economies and creating employment.[9] Significant production capacity is being developed in countries such as Egypt, Kenya, Uganda, South Africa, Ghana, Cameroon, and Nigeria. The full potential of these positive trends can be realized through deeper regional integration and the adoption of continental norms and standards related to health products.
References[edit]
- ↑ GBC Health Company Profile: Funding - PitchBook
- ↑ GBCHealth: Contact Details and Organization Profile
- ↑ Crunchbase - GBCHealth - NGO Profile & Funding
- ↑ OpenBiome Recognized as a Global Health Leader
- ↑ Financing Africa’s Healthcare Report - GBCHealth
- ↑ Stop TB Partnership - Partners' Directory - GBCHealth
- ↑ Introduction to GBCHealth’s - Business Fights Poverty
- ↑ GBCHealth - Organization background - ZoomInfo
- ↑ GBCHealth - NGO overview, and Funding Information
External Links[edit]
