How Project Finance Could Revolutionize Global healthcare. A Case Study of Africa.
How Project Finance Could Revolutionize Global healthcare. A Case Study of Africa. IFC in it’s adventure in Africa described healthcare system as most deteriorating and overwhelmingly the worst in the world! The way forward to eradicate such daunting situation is to engage in international project finance for succor within healthcare system. The countries with the highest rates of maternal death, death under 5 years old, deaths from trauma & injury and deaths from infectious disease are nearly all in Africa. Why is Healthcare in Africa Poor? Ultimately, it comes down to resources. Especially as the price of healthcare globally continues to increase. Jon Guber, a Professor of Economics at MIT describes how in 1950, the American government spent 5% of GDP on healthcare. In 2012, it spent almost 20% of GDP on healthcare. By 2075, its projected to be 40%. That means 40 cents out of every $1 generated in America will go to healthcare! Africa makes up ...