Brief

New UNU-IIGH Briefing Paper Sheds Light on Financialisation in Global Health

The paper advocates for public interest financing models.

Date Published
23 Jan 2025
Authors
Benjamin M. Hunter David McCoy Ana Carolina Cordilha Anna Marriott Victor Roy Felix Stein Benjamin Wood

The United Nations University International Institute for Global Health (UNU-IIGH) has released a new Briefing Paper titled “Private Financial Actors and Financialisation in Global Health.” This publication critically examines the growing influence of private financial actors in global health and the associated risks to public health principles, equity, and democratic governance.

The paper explores the expansion of private investment in global health and demystifies the concept of financialisation challenging the uncritical narrative about an expanded role for profit-maximising private investors. Drawing on case studies and other evidence, it highlights the high costs of private investments, the erosion of public health principles, and the risk of regulatory capture by private entities.

To address these concerns, the authors call for improved financial literacy amongst global health advocates and interventions aimed at protecting the public interest.