In addition to the severe economic and social disruptions generated by COVID-19, the world now faces dangerous inequality in the access to and distribution of vaccines to populations in developing countries. Access to healthcare has always been a global challenge, but the requirement to expeditiously deliver billions of COVID vaccines in countries with limited hard and soft infrastructure requires a new scale of public-private partnership. One of the most critical areas to achieving success in vaccine delivery will be the development and mobilization of new financing and risk mitigation tools that protect and support the vaccines and the companies that are called upon to deliver and administer them. Developing working capital finance facilities, insurance and other risk mitigation tools, and the harnessing of technology and data will be key to closing existing gaps in COVID response health delivery for COVAX and beyond, as well as improving preparedness for future global health challenges.
This Concordia Live — as part of our webinar series which brings together leaders from across the public and private sectors to address the most pressing issues of our time — featured representatives from various sectors who discussed the importance of developing finance and risk mitigation policies and structures that enable and enhance global health delivery.
Co-Founder & CEO, Parsyl
Senior Advisor and Managing Director, Health Initiatives, U.S. International Development Finance Co...
South Africa Country Representative, Advocacy & Partnerships Manager, PATH
Vice President, Nathan Associates
Founding Partner, Kyle House Group
This discussion highlighted not only how innovative partnerships can solve for very practical challenge sets, but also how the very act of partnering can help reframe or redefine what must be solved for. In a purely transactional relationship, there is the risk of a mismatch between what an industry can provide and what a government needs. However, each new partner, particularly if they represent a different sector, industry, or region, can inform the challenge, approach, and/or solution. Thus, when partnering, it’s important to not start from an overly prescriptive vantage point, and rather to co-design. That co-design period should be factored into the project plan, both from a timeline and an initial investment perspective. Partners should also be prepared for that co-design process to open new opportunities to collaborate with additional partners.