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Capital and the Common GoodHow Innovative Finance is Tackling the World's Most Urgent Problems$
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Georgia Levenson Keohane

Print publication date: 2016

Print ISBN-13: 9780231178020

Published to Columbia Scholarship Online: September 2017

DOI: 10.7312/columbia/9780231178020.001.0001

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Medicine for Market Failure

(p.53) 2 Health
Capital and the Common Good

Georgia Levenson Keohane

Columbia University Press

Looks at the range of innovations that have emerged in recent years to improve financing for global health objectives, and examines various approaches, including global levies like UNITAID and UNITLIFE; an array of market shaping initiatives like prizes and challenges and the GAVI Alliance’s advanced market commitments; a variety of innovations related to debt, including loan forgiveness and ‘debt swaps’ administered through the Global Fund, Pledge Guarantee for Health, the International Finance Facility for Immunization (IFFIm)’s vaccine bonds; and equity investments—impact investment vehicles like the Global Health Investment Fund—that blend philanthropic and commercial capital for drug research and development and other health interventions.

Keywords:   UNITAID, UNITLIFE, loan forgiveness, ‘debt swaps’, Global Health Investment Fund

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