High-Performance Health-Financing for Universal Health Coverage: Driving Sustainable, Inclusive Growth in the 21st Century

Just over a decade out from the SDG deadline of 2030, many developing countries are notUHC_v6 on track to meet Universal Health Coverage (UHC) targets to ensure access to quality, affordable health services to all. People in developing countries pay over half a trillion dollars annually out-of-pocket for health services, which is pushing about 100 million people into extreme poverty each year. The evidence is strong that progress towards UHC would spur not just better health but also inclusive and sustainable economic growth, yet this report estimates that in 2030 there will be a UHC financing gap of $176 billion in the 54 poorest countries.  This  threatens decades-long progress on health, endangers countries’ long-term economic prospects, and makes them more vulnerable to pandemic risks. This report, launched to inform the first-ever G20 Finance and Health Ministers session in Osaka, Japan in June 2019, lays out an action agenda for countries and development partners to bridge the UHC financing gap, and makes a strong case for a focus on innovation in health financing over the next decade.

Download Full report and Executive summary 

Is inclusive growth an oxymoron?

Article by: Pinelopi Goldberg – Chief Economist, World Bank Group

 

After participating in two events on inequality at the Spring Meetings1140x900_inclusive_growth_image01Making Growth Work for the Poor and Income Inequality Matters: How to Ensure Economic Growth Benefits the Many and Not the Few, I received a surprising number of emails asking whether my remarks on the importance of addressing rising inequality meant I had abandoned growth as the main priority for developing countries. One thing I certainly took away from this correspondence: Inequality is too complex a phenomenon to address in a brief session at the Spring Meetings.

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eC2: Study of Private Sector Development and Circular Economy

Deadline: 25-Feb-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)

This firm consultancy will explore how inclusive and green growth can be supported climatethrough strengthened value chains and circular economy (CE) approaches, specifically among poor people and communities and achieve outcomes that promote poverty reduction, enhanced welfare and create new and expanded employment opportunities, eg green jobs.

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Online: Thursday Highlighted! Spring Meeting Events.

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2017 Spring Meetings Opening Press Conference: World Bank Group President Jim Yong Kim

Follow the event on Twitter with #WBLive

Date: Thursday, April 20th, 2017
Time: 8:30 am – 9:30 am ET/ 12:30 – 13:30 GMT
Location: International Monetary Fund & Online

Unleashing Productivity – The Key to Sustaining Inclusive Growth

Follow the event on Twitter with #Productivity4Growth

Date: Thursday, April 20th, 2017
Time: 9:30 am – 11:00 am ET/ 13:30 – 15:00 GMT
Location: JB-1-080

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Risks and Returns: Managing Financial Trade-Offs for Inclusive Growth in Europe and Central Asia

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“Risks and Returns: Managing Financial Trade-Offs for Inclusive Growth in Europe and Central Asia” argues that striking the right balance across all dimensions of financial development (stability, efficiency, inclusion, and overall depth) is crucial for achieving and sustaining inclusive growth.

Emerging Europe and Central Asia, perhaps now more than ever, faces the urgent need for financial sector reforms. Reforms are needed not only to make the region more resilient to financial shocks but also to support efforts to strengthen income growth, particularly that of the middle- to lower-income earners, many of whom since the global financial crisis have questioned the benefits of greater economic and financial integration.