Innovative Financing for Global Common Goods

Against the backdrop of high-level multilateral meetings such as the Summit for a New Global Financial Pact, the SDG Summit 2023 and the Annual Meetings of the World Bank Group, and the International Monetary Fund in the midst of a major reform process of International Financial Institutions (IFIs), this session will discuss the necessity for sustainable and innovative financing for global common goods in general, and global health in particular, to accelerate the implementation of the Sustainable Development Goals (SDGs).

After the blow of a global pandemic which affected progress in global health, and in the face of increasingly dramatic effects of climate change, governments and international financial institutions must stay committed to investing more in health.

This session will make the case for innovative financing mechanisms to supplement traditional funding sources and explore possible G20/G7 measures to enhance global health financing, also in support of low- and low-middle income countries, to reach the SDG 3 targets globally.