HFI Newsletter, issue 14 – October 2020

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HFI Newsletter, issue 14 – October 2020

You're Invited to HFI's Country Blended Finance Readiness Report Launch Series and so much more!
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Issue 14 
 



In this issue: 
HFI Happenings 
Join us for the Launch of Our
Country Blended Finance Readiness Reports

After months of hard work, HFI is excited to announce the launch of our Country Blended Finance Readiness Reports: Can blended finance raise capital for NCDs? These reports are the culmination of desktop research and stakeholder interviews, which informed our analysis of national financial and epidemiological landscapes. Through this research, we hoped to learn if each country was ready for blended finance for NCDs. We are thrilled to share the results of our work in Cambodia, Nigeria, and Tanzania.

Join us over the next month to hear about our project, the key takeaways from each country report, and the next steps to ensure that the NCD funding gap is closed. See below for details on registering for each event. We cannot wait to see you all there!
Cambodia: Thursday, November 5 at 4 PM (ICT), 11 AM (CET), 5 AM (EST)  
REGISTER HERE

Nigeria: Thursday, November 12 at 3 PM (WAT), 5 PM (CET), 10 AM (EST)  
REGISTER HERE

Tanzania: Thursday, November 19 at 4 PM (EAT), 3 PM (CET), 9 AM (EST)  
REGISTER HERE

 

HFI Begins Collaboration with A-ZMed

 
HFI has begun working in collaboration with A-ZMed to increase access to safe and effective diagnosis and treatment for chronic diseases in South Africa. A-ZMed has developed a globally competitive medicine information system that aims to decrease chronic disease medicine non-adherence and hospital admissions due to adverse events associated with chronic disease medications. Together, HFI and A-ZMed are working to increase access to cost-effective, accessible digital solutions that tackle chronic disease management in South Africa and beyond. 

HFI Teams Up with PocketPatient MD
 

HFI and PocketPatient MD are working on collaborative efforts to increase the effective management of chronic diseases in developing countries. PocketPatientMD has developed a secure Electronic Medical Record system and is working with HFI to increase access to this technology. The collaborative efforts of HFI and PocketPatientMD are aimed at reducing the burden of chronic diseases and costs of care while increasing access to quality, uninterrupted disease management in developing countries. 
World Mental Health Day: A Call to Focus on Mental Health
 
In recognition of World Mental Health Day on October 10, HFI, in collaboration with One Mind, published a blog examining mental health and how the global health community should incorporate mental health care into COVID-19 recovery efforts. The pandemic has worsened mental health for many in America and around the world, with more than half of Americans reporting mental health systems due to COVID-19. There’s great opportunity to be unlocked, though, in promoting mental health and wellbeing, which accounts for $1 trillion in lost productivity annually. Learn more about the issue and what we can do about it here.

Don’t forget to check out our other recent blogs on how to measure UHC progress, WHEXIT (aka the U.S.’s WHO exit) and the impact on COVID vaccine access, the connection between health and wealth during a pandemic, and if insulin really is “as cheap as water.


 
Partner with us on COVID-19
Curious About HFI?
 
If you want to learn more about what we do at HFI and how you can work with us, join an Introduction to HFI Information Session. In these sessions, you will learn about HFI's mission to close the financing gap for non-communicable diseases by developing blended finance models, an overview of HFI and, our ongoing projects. Send us an email if you are interested in attending a session. 
HFI Welcomes Diego Rivera and Shehryar Haris to the Team!
 
Diego Rivera joins the HFI team as our new HR and Operations Manager. Diego brings years of experience in operations from organizations such as Animal Outlook and the Equal Rights Center. After working and volunteering for nonprofits for over six years, Diego is excited to bring his expertise to HFI.

HFI also welcomes Shehryar Haris as our new Impact Investment Intern. He is a recent graduate from Johns Hopkins University and is continuing his studies at the Johns Hopkins School of Advanced International Studies (SAIS) with a concentration in International Economics & Finance and Energy, Resources, & Environment. He brings his experience from the financial services industry from internships at State Street, Morgan Stanley, and KPMG. 
Health and Finance Corner

UN General Assembly Reflection


During the unusual but still hectic UNGA week, HFI joined so many virtual events and networking that resonated with HFI’s commitment to close the financing gap for NCDs. One discussion that stood out, in particular, was the high-level digital summit hosted by Women in Global Health, Foreign Policy, and the Wagner Foundation, which spotlighted women’s leadership in global health. Roopa Dhatt, MD, Executive Director and Co-Founder of Women in Global Health, drew attention to the underpaid or even unpaid women healthcare workers. While women provide $3 trillion of care annually, half of that is currently unpaid in informal systems. We need a new social contract to address the deep structural issue and to value women’s contribution. Other speakers shared critical insights on how to fully activate women’s contribution in the battle against COVID-19, such as including women in global health security decision-making structures, decent working conditions for women health workers, recognizing the value of women’s unpaid work, adopting a gender-sensitive approach to health data collection and analysis, as well as funding women’s movement and organizations for social protection- Yun Fu (Innovative Finance Specialist)
 
I went in not knowing how a virtual UNGA would work, but I must say the organizers did a great job of making the most of what we have. The digital engagement platforms and tools they used to stream the discussions and webinars also integrated networking and surveying tools, adding that human touch, which seems to be so amiss in our new virtual normal.-Janani Jayesh (Communications Intern)
Health Finance Digest: Social Bonds – How Market Incentives Can Lead to a Real Impact
 
While strides have been made in mobilizing global health funding, a $134 billion annual investment gap remains. This is primarily due to inefficient government healthcare spending, as well as a lack of investment from the private sector. Innovative finance products, such as social bonds, can help bridge this gap between the public and private sectors, offering investors a market-driven incentive while providing governments with much- needed financing to mitigate health disparities.

Although many argue that social bonds are inherently risky investments, since their value is tied to the success of social outcomes, this has not stopped investor appetite from growing. According to Morgan Stanley, 80% of asset managers surveyed claimed to invest in innovative financial products. COVID-19’s impact has highlighted both economic and social costs. The solutions to those costs cannot necessarily be sourced through traditional financial instruments, making innovative finance a much more attractive option for investors. In fact, products like social bonds can help investors mitigate risks since they are not subject to interest rate risk or reinvestment risk.
 
Climate bonds have seen considerable success. Investors issued $50 billion worth of green bonds in September 2020 - a new record - and in 2020 alone, social bond issuance has quadrupled. Climate bonds provide large firms with a market mechanism to reduce their carbon footprint. They essentially pay for their own success. 

We can apply the same principle to the NCD space. With growing concerns about public health in developing countries, social bonds that target prevention and healthcare access can be employed to close the global investment gap. In this context, social bonds can pave the way for robust healthcare infrastructure by investing in hospitals and clinics. A social bond would provide the market incentive of a return on investment for the financier.  Instruments like social bonds can hone in on entrepreneurial spirits while delivering positive impacts on global health.

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