Debt2Health

Countries: 
Event/initiative: 
Date of commitment: 
September 2007

Commitment

Debt2Health is an innvoative financing initiative of the Global Fund. It helps channel resources of developing countries with high debt and disease burdens away from debt repayments towards life-saving investments in health. Donors grant debt relief in exchange for a commitment by the beneficiary country to invest an agreed counterpart amount in its national health programs, through an approved Global Fund grant.

Target

No numerical targets were set.

Progress

To date four Debt2Health agreements plus one framework agreement have been signed. They involve Germany and Australia as creditor countries and Indonesia, Pakistan and Côte d’Ivoire on the beneficiary side. Overall they involve Euro 163.6 m. Half of that amount, Euro 81.8m, is paid to the Global Fund to be invested in the contracting beneficiary countries through the standard Global Fund processes and systems . The other half was unconditionally written off by the creditor countries.

Gap

No numerical targets were set, thus it is difficult to measure a gap.

Additionality

Debt2Health is an innvoative financing initiative of the Global Fund.