Letter from the Editors
The complex landscape of philanthropy and investment in global health is undergoing remarkable changes. Traditional government funders, critical for bringing life-saving health interventions to scale, are increasingly partnering with corporations, foundations, philanthropists and low- and middle-income governments.Data from the Institute of Health Metrics and Evaluation shows that high-income donor government funding to global health increased for approximately a decade, leveling off in 2009. Health has also remained a top priority among private foundations since 2001, according to the Foundation Center. Corporations and their foundations increasingly seek hands-on, long-term relationships with their nonprofit partners; “return on investment” has gained new meaning with the emergence of impact investing in development. Health priorities, too, are shifting as the needs of those in the partner countries evolve.
In this issue of Impact magazine, PSI partners with Devex, the leading source of international development news, analysis and advice, and Fenton Communications bring you a special report on the new era in philanthropy and investment in global health.
The report examines giving to global health in five categories:
We spoke with U.K. Secretary of State for International Development Justine Greening about the Department for International Development’s revised global health strategy and predictions for global health after 2015. Dr. Walter Gwenigale, the Republic of Liberia’s Minister for Health and Social Welfare, shares his thoughts on how global health funding should be spent, and Unilever CEO Paul Polman discusses with PSI President and CEO Karl Hofmann ways the global community can rally to deliver more effective, efficient and equitable aid to the most needy.
The research is derived from a desk review of reports by donors and organizations which examine development funding, as well as interviews specifically conducted for this purpose with representatives from key funding organizations. Some time frames vary by section; where data on global health spending was not available, information on development aid was used instead. Finally, some numbers in this report are derived from our own calculations or those reported by others. Data is cited to a list of references here. Our hope is that the report will initiate thoughtful conversation about the future of global health financing and inspire collaboration that leads to sustainable global health solutions.March 11, 2013