Healthcare Needs Tailored Financing and Partnerships: World Bank President

Healthcare requires customized financing, expertise, and collaborations says Ajay Banga, World Bank President. He stated that while and after COVID, money for healthcare rose; but, in order to make healthcare inexpensive and accessible to all, knowledge and collaborations, as well as financing, are required.

"I think it takes a lot of hard work, a lot of knowledge, a lot of financing, and a lot of partnerships. Financing is the obvious one. We are talking about putting to work 50 percent more money per year that what we used to spend in healthcare pre-the pandemic. This financing has to be catered for the country and its stage of development," Banga said.

"In the same vein, the knowledge has to be catered for the country and its stage of development. We can bring that knowledge as a partner not just our financing, not just our ability to advise governments on regulatory policy but our ability to help even WHO understand the intersections between these different causes of healthcare problems in the intertwined challenges we are going through,"

Continuing the conversation and discussing where the globe stands in terms of Universal Health Coverage, WHO's Tedros stated that up to 140 nations have identified health as a basic right in their constitutions.

The World Bank has unveiled a bold proposal to assist nations in providing 1.5 billion people with high-quality, reasonably priced healthcare services by 2030.