FINANCING MODELS FOR GLOBAL HEALTH INITIATIVES: LESSONS FROM MATERNAL AND GENDER EQUALITY PROGRAMS

Abstract

Financing models play a pivotal role in sustaining and advancing global health initiatives, particularly those aimed at addressing maternal health and promoting gender equality. This review provides a comprehensive overview of financing strategies employed in such initiatives, drawing insights from successful programs and highlighting key lessons learned. Maternal health remains a critical area of concern worldwide, with millions of women facing risks during pregnancy and childbirth. Gender disparities exacerbate these challenges, further underscoring the importance of targeted interventions. Financing models for maternal health initiatives have evolved over the years, with a shift towards innovative approaches that prioritize sustainability and scalability. One prominent financing model is the use of public-private partnerships (PPPs), which leverage resources from both governmental and non-governmental entities. These partnerships facilitate greater efficiency in resource allocation and enable the mobilization of additional funding streams. Examples such as the Global Financing Facility (GFF) demonstrate how PPPs have catalyzed investments in maternal health, leading to tangible improvements in access to quality care. Furthermore, results-based financing (RBF) mechanisms have gained traction in incentivizing the achievement of specific health outcomes. Through performance-based incentives, RBF encourages healthcare providers to deliver high-quality services while ensuring accountability and transparency. Initiatives like the World Bank's RBF programs have shown promising results in enhancing maternal health outcomes and narrowing gender gaps in access to healthcare. Additionally, innovative financing mechanisms such as social impact bonds (SIBs) and development impact bonds (DIBs) offer new avenues for mobilizing private capital towards maternal and gender equality programs. By aligning financial returns with social impact goals, these instruments attract investors seeking both financial and social returns, thereby diversifying funding sources and promoting sustainability. Financing models for global health initiatives targeting maternal and gender equality programs are diverse and dynamic, reflecting the multifaceted nature of these challenges. Lessons learned from successful initiatives underscore the importance of collaboration, innovation, and adaptability in achieving sustainable progress towards maternal health and gender equality goals on a global scale.

Keywords:  Finance, Models, Global Health, Maternal, Gender Equity, Review.