Global Common Goods for Health: Towards a New Framework for Global Financing

Global Common Goods for Health: Towards a New Framework for Global Financing

The COVID‐19 pandemic, which has brought the world economy to an unprecedented synchronized recession, makes for a profound collective global experience. It should urge us to reshape our collective actions. We call for a transformation of global health funding in three major ways to reinforce the global community’s resilience to health shocks:

  1. Ensuring a sustained source of revenue for global common goods for health through a mix of national, global, and regional taxation.
  2. Pooling resources under coordinated institutional mechanisms accountable to global citizens.
  3. Strategic purchasing focused on global common good and function‐based rather than disease‐centric investments.

 

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