New Investment Platform to Strengthen Primary Healthcare Services

In a landmark development aimed at investing in and strengthening essential, climate and crisis-resilient primary health care services in low- and low-and-middle income countries , three multilateral development banks have joined with World Health Organisation to launch the new Health Impact Investment Platform.

The Platform, launched during the Summit for a New Global Financing Pact being held in Paris, will make an initial U.S.$1.6 billion available to LICs and LMICs in concessional loans and grants to expand the reach and scope of their PHC services, especially for the most vulnerable and underserved populations and communities.

The African Development Bank, European Investment Bank, Islamic Development Bank and WHO are the Platform's founding members. As this is a global challenge, the Inter-American Development Bank is also considering joining this partnership in view to extending this initiative to the Latin America and the Caribbean region.

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