Article originally published in the IFC’s Annual Report 2015.
Across the world, more than a billion
people lack access to quality health services. Nearly three-fourths of the 38 million worldwide deaths from chronic illnesses — such as cancer — occur in developing countries. Globally, more than 57 million children do not attend school, with 30 million of them in Africa alone.
These statistics highlight a major obstacle to ending extreme poverty and boosting shared prosperity: high-quality education and health-care services still aren’t as widely available and affordable as they need to be. This is a challenge that’s best addressed when the public and private sectors act in concert to advance the interests of society.
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