WASHINGTON – The World Bank and the Global Fund have signed a co-financing framework agreement to accelerate countries` efforts to end HIV, tuberculosis and malaria and building sustainable health systems. «Improving access to health services reduces financial hardship for families, improves their health outcomes, and strengthens the human capital of societies,» said Annette Dixon, Vice President for Human Development at the World Bank. «Partnership and the introduction of new models of health financing are the key to better serving our client countries and ensuring affordable, quality health care for all.» The first transaction under the framework agreement is a planned investment by the Global Fund and the World Bank in Laos to achieve universal health care, with payments to the country linked to certain outcomes. Innovative financing mechanisms complement Global Fund and World Bank funding and strengthen domestic health financing. The Global Fund and the World Bank are constantly looking for ways to increase domestic financing and program sustainability. The framework agreement outlines a new approach for joint financing of investment-type operations between the two organisations as well as for results-based financing. «Partnership is in the Global Fund`s DNA and our work with partners like the World Bank will accelerate the fight against epidemics,» said Peter Sands, Executive Director of the Global Fund. «Innovative financing mechanisms can play an important role in improving the efficiency of our investments and pursuing new financial opportunities to increase impact. In recent years, the Global Fund and the World Bank have signed several innovative financing agreements, such as. B a purchase of credits for a tuberculosis programme in India, a defined benefit financing project in the Democratic Republic of the Congo and a multi-donor trust fund for Indonesia and Sri Lanka.

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