$2bn for private sector healthcare investments: DFC announces call for proposals
Posted on: 11 May, 2020 at 6:31 PM
The U.S. International Development Finance Corporation (DFC) today announced a new Health and Prosperity Initiative, which includes a call for proposals from private sector entities seeking DFC support for health-related investments in developing countries. Through the initiative, DFC aims to mobilise private sector investment in support of global health resilience.
“The unprecedented health crisis we face today underscores the importance of resilient health systems to global prosperity, stability, and security,” said DFC chief executive officer Adam Boehler. “DFC is committed to supporting private sector solutions to health challenges in developing countries, which are too great to meet with government resources alone.”
DFC will focus attention on projects that support the global Covid-19 pandemic response, especially through investment in health system capacity, including supply chains that expand the distribution of diagnostics, therapeutics, vaccines, and other medical supplies, products, and equipment.
The agency seeks to invest between $5 million and $500 million per eligible project through its full range of financial tools, which includes equity and debt financing, political risk insurance, and technical development. Through the initiative, DFC seeks to commit up to an aggregate $2 billion across eligible projects and mobilise an additional $3 billion in private sector capital alongside its investments.
Eligible projects should deliver highly impactful health outcomes in developing countries by strengthening health systems, supporting infrastructure development, and expanding access to clean water, sanitation, and nutrition. DFC will prioritise investments that complement other U.S. government global health programmes and advance the agency’s 2X Women’s Initiative by empowering women, who are often disproportionately impacted by crises like COVID-19. The initiative will support the U.S. government’s SAFER international response to Covid-19 and the broader Global Health Security Agenda.
DFC is accepting proposals for projects in all countries in which the agency is authorised to invest, with a focus on countries in Africa that are particularly vulnerable to health challenges. The call for proposals is now open. Interested parties can review the full eligibility criteria and learn how to submit a proposal here. Submissions will be reviewed on a rolling basis and selected through a competitive process upon the discretion of DFC.
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