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The COVID-19 pandemic has brought into focus the stark reality of the gross and growing inequities in access to health care and health products: for every 100 people in high-income countries, 133 doses of COVID-19 vaccine have been administered, while in low-income countries, only 4 doses per 100 people have been administered.听

Global governance is stuck in the same old economic paradigm that cannot adapt finance structures to fast-moving conditions nor move beyond outdated thinking on economic development. This stands in the way of Health For All 鈥� the equitable and sustainable provision of universal human health and wellbeing.听

As the G20 Summit in Rome approaches, when heads of state come together on 30 and 31 October, there is a window of opportunity to radically reorient the status quo paradigm of 鈥渉ealth for the economy鈥� to a new one of 鈥渢he economy for Health For All鈥�. The critical challenge is both to increase the magnitude of the finance available for health and to govern it in a more directed and effective manner. 听

The Council demands now 鈥� more than ever 鈥� clear, ambitious goals to put health at the center of economic development; to mobilize and focus investments on health rather than financial return; and to make financing for health a long-term investment rather than short-term cost. This means realigning finance from all sectors and sources through conditionalities that incentivize symbiotic gains in the public interest, and redesigning policies around the mission of achieving Health for All.听

Professor Mariana Mazzucato, Founding Director at UCL Institute for Innovation and Public Purpose and Chair of the Council, said:

鈥淲hile health systems are under-resourced, more finance is not the only solution. The work of the Council stresses the need to reform and redirect finance in radical ways so that the objective of Health For All is designed into the financial structures, the conditionalities and the partnerships between business and the state.鈥�

Dr Tedros, WHO Director General, said:

鈥淭he COVID-19 pandemic has demonstrated that the financing of health systems needs to change radically to protect and promote the health of all people. The latest report by the Council on the Economics of Health For All makes a clear and compelling argument for the need for sustained financing to be directed to achieving health for all people, and for investments to be understood as long-term gains for national and global development."

The听听was established in November 2020 by WHO Director-General Dr Tedros Adhanom Ghebreyesus. The Council鈥檚 core mission is to rethink how value in health and wellbeing is measured, produced, and distributed across the economy. It recommends听a new way to shape the economy with the objective of building healthy societies that are just, inclusive, equitable, and sustainable.听听

Comprised听of ten of the world鈥檚听leading听economists and health experts, the Council听is focused on听rethinking听measurement of economic development, financing, capacity, and innovation with the aim of achieving Health for All.听Policy briefs in each of these areas, and a comprehensive final report to be produced in 2023, will be used to build听momentum听amongst听key听decision makers听听towards changing the structure of economic activity听to advance听Health For All.听

The members of the Council are Professor Mariana Mazzucato听(Chair), Professor Senait Fisseha, Professor Jayati Ghosh, Vanessa Huang, Professor Stephanie Kelton,听Professor Ilona Kickbusch, Zelia Maria Profeta da Luz, Kate Raworth, Dr Vera Songwe and Dame Marilyn Waring.

Further information:

• Join the 听(Youtube)
• Council brief #2:
• Council brief#1:
• Read this news item听on the
• Read more about IIPP's work on health innovation
• Read more about IIPP's work on finance