A Call for Action: Unlocking the Full Potential of the Health Sector in Latin America and the Caribbean through Greater and Better Investment in Health

Also available in: Español

Author: Global Fund

Published by: Global Fund

Year: 2020

Type of Document: Country brief

Description: The Global Fund has co-financing requirements designed as a strategic tool to catalyze increased domestic financing for health and the three diseases. Co-financing requirements in the STC Policy are differentiated by income classification and disease burden.

Co-financing is defined as all domestic public resources and domestic private contributions that finance the health sector and national strategic plans supported by the Global Fund. Domestic public resources can include government revenues, government borrowings, social health insurance, and debt relief proceeds. Countries that receive Global Fund support are expected to sign a co-financing commitment indicating how the country will provide complementary funding.

To encourage domestic investment, the Global Fund holds back at least 15% of a country’s allocation (but in some cases more) as a co-financing incentive. This amount is only made available if countries make and eventually realize additional domestic commitments over the grant implementation period. The specific co-financing requirements in the STC Policy are differentiated by income classification and disease burden.

In the Co-financing framework, the Global Fund has prepared a country briefs documents series to encourage countries to improve investment in health and thereby better contribute to the co-financing of resources provided by the Global Fund.