New credit facilities immediately available for non-profit and sovereign borrowersRead more
From The Global Fund and World Bank to Ministries of Health in Ethiopia and Senegal, leadership is showing strong support for PGH.Read More
An annual review of PGH’s operational developments, operational achievements, institutional growth, and financial health.Read the Review
Ariel Pablos-Mendez (USAID), Kathy Calvin (UNF), Anders Nordstrom (Sweden) & Ray Chambers (UN Special Envoy) discuss PGH in GHDLearn more
New guarantee enables PGH to access $100 million in financing to scale-up bridge financing operationsLearn more
The ability to rapidly issue payment while awaiting donor disbursement avoids cash flow inefficiencies and overpricing, saving more lives faster.
Recipients leverage greater negotiating power by removing risk for suppliers of essential commodities, reducing price premiums.
With control of procurement timing, recipients can avoid stock outs, rush orders and emergency delivery, which are costly and come at the expense of lives saved.
PGH leverages private sector funding to deliver value for money by removing the risks in the procurement process that lead to price premiums and emergency production. In public health terms, this results in faster, more efficient purchasing of life-saving commodities, while also empowering governments with leverage to negotiate reduced per-item costs.
PGH is an initiative of Financing for Development (F4D).
We all have to think creatively and collaboratively, through partnerships like PGH, to bring stakeholders together and focus on delivering more donor value for money.
The Global Fund has undergone a number of enhancements in our process and we are joining efforts with partners like Pledge Guarantee for Health to not only accelerate delivery of essential health commodities but also to increase value for money.
Innovative financial mechanisms like the Pledge Guarantee can make a real difference in delivering anti-malaria bed nets and other vital health supplies quickly and efficiently to communities which need them the most.
This is going to allow suppliers to depend on predictable purchases, government ministries to plan on faster delivery and better pricing, and donors are going to know that the value of their investment is maximized.
$17 million in completed transactions through PGH have expedited the disbursement of foreign assistance and made global health supplies more affordable for developing countries. We think this is a great example of the kind of innovative financing mechanisms all of us are going to have to be investing in, exploring, and trying if we’re going to reach the Millennium goals and beyond.
… the international development community must still find new funding sources if we are to sustain progress in global health. However, through innovative approaches like PGH, the ability to stretch donor dollars is increased.
I am confirming the commitment of the Government of Senegal to [Pledge Guarantee], with the hope that this mechanism will contribute strongly to the financial security of our procurement system for medications and other pharmaceutical products.
Pledge Guarantee for Health is exactly the type of financial tool that should emerge from the thinking and discussing from [GBCHealth]. It’s a tool modeled on sound business practice that enhances how we go about saving lives. As those of us in development know, funding is essential to hitting our targets… But the timing of that funding – the cash flow – can sometimes be as important as the absolute amount of money available. Timing often means the difference between life and death.
This announcement builds on our efforts to partner with the private sector to help end preventable child death within a generation. USAID’s partnership with the Pledge Guarantee for Health will help make this promise a reality by ensuring that people around the world—especially mothers and their children—have access to life-saving vaccines, bed nets, and other supplies that are delivered more quickly, cheaply, and broadly than ever before.
With need growing and public funding shrinking, we must scale up new initiatives like Pledge Guarantee for Health or we risk losing momentum in our global fight against debilitating and deadly diseases.