WHO Foundation created to tap new funding sources

  • IASbaba
  • June 6, 2020
  • 0
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WHO Foundation created to tap new funding sources

Part of: GS-Prelims and GS-II – Global Groupings

In News:

  • The WHO Foundation was created recently as an independent grant-making entity
  • It will support the WHO’s efforts to address the most pressing global health challenges. 

Key takeaways 

  • The foundation will enable WHO to tap new non-traditional sources of funding, including the general public.
  • It will support the global health ecosystem by funding high-impact initiatives and advancing strategies of innovation, effectiveness, and rapid response.
  • Its Headquarter will be in Geneva. 
  • It will be legally independent from the WHO. 
  • It will provide funds to WHO and trusted implementing partners to deliver on the Organization’s triple billion goals.
  • These goals aim to achieve the following by 2023:
    • Protect 1 billion people from health emergencies.
    • Extend universal health coverage to 1 billion people.
    • Assure healthy lives and wellbeing to 1 billion people.

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