Partner for Progress: Advancing Private Sector Approaches to Achieve the SDGs
This report focuses on the promise of private sector solutions to improve reproductive, maternal, newborn, child, and adolescent health and help save lives. It outlines opportunities for the global health community to better engage the private sector and move beyond traditional aid and philanthropy for stronger results. Three areas with enormous potential for accelerating impact to benefit women and childrenare:
- Financing and resource mobilization. Filling the $33 billion gap in funding for RMNCAH requires greater diversity in funding. Financing instruments commonly used in the investment world can help attract more resources, especially private capital, for social impact. This is an area of growing experimentation, with financial institutions, private investors, and global corporations collaborating with multilateral agencies, private foundations, and NGOs to test new models and incentives to increase funding for life-saving programs.
- Leveraging the reach of local private health providers. These doctors, nurses, midwives, drug shop owners, and others play an important – and often overlooked – role in providing health care. As members of the communities they serve, they are sensitive to families’ needs, cultures, and customs and can adapt quickly to meet consumer demand. With the movement toward universal health coverage, these private health providers are an untapped resource to help countries expand health services to reach more people.
- Harnessing private sector expertise. From information technology to data analytics to supply chain, the private sector has capabilities that can help improve health and development faster, more efficiently and with greater impact. Often, the experience and expertise that drive success in business can be applied directly to find and scale solutions that sustain gains in women and children’s health for years to come.