Key facts
- Implementing Partner:
European Investment Bank (EIB) and the Bill & Melinda Gates Foundation (BMGF)
- Guarantee volume:
up to €750 million
- Global Gateway areas of partnership:
Health
- Sectors:
Health, human capital, social inclusion and gender
- Geographical focus:
Sub-Saharan Africa, Asia, Latin America and the Caribbean
- Type of support provided:
Financing, Technical assistance
- Types of investments:
Venture loans, corporate loans and volume guarantees
- Investment period:
Open for investments until end of 2026
- Technical assistance:
up to €42 million
Description
As a Global Gateway initiative, the Accelerating Human Development (HDX) guarantee facilitates investment in infrastructure and enables a better environment for health systems, as well as improved manufacturing capacities for health products and technologies. It is designed to strengthen services and increase the security of biopharmaceutical supply chains, fostering economic growth and productivity. The guarantee aims to cover interventions around insurance, primary health care, health R&D, digitalisation, talent and skills, production and delivery of vaccines, and medicines and health technologies.
Under the EFSD+ guarantee, the European Investment Bank will make investments in the healthcare sector by covering three investment products, including corporate loans, venture loans and volume/procurement guarantees. These investments are matched by the Bill & Melinda Gates Foundation with new health investments and grants. The guarantee contributes to boosting investors’ confidence in markets in low- and middle-income countries. It also aims to address the initial market barriers by mitigating demand related risks through innovative finance.
How can businesses and investors get involved?
If you are a business representative or an investor with an interest in this guarantee program, we recommend getting in touch directly with the EIB and the Bill & Melinda Gates Foundation.
Contact: hdx
eib [dot] org (hdx[at]eib[dot]org)
About the European Investment Bank
EIB Global is the arm of the European Investment Bank that works beyond the EU. Launched in January 2022, it supports climate action, economic growth and development. The great challenges of today are global poverty, energy shortages, pollution, lack of clean water and sanitation, flooding, drought, extreme weather events. EIB Global is fighting all these problems and increasing the impact of limited development money.
About the Bill & Melinda Gates Foundation
Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people's health and giving them the chance to lift themselves out of hunger and extreme poverty. Furthermore, the foundation focuses on the delivery of high-impact health products and services to the world’s poorest communities and helps countries expand access to health coverage.
Bill & Melinda Gates Foundation website
Press release: Global Gateway: EU steps up support for global health and equitable access to health products and local manufacturing