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1、AfCFTA-anchored Pharmaceutical InitiativePhase III RoadmapJane KarongaEconomic Affairs Officer|Sub-Title goes hereECA Guiding FrameworksUNECA.ORGThe Present Health Landscape from ECA ResearchLife expectancy at birth Child mortality rate GDP per capita growthMaternal mortality rate Health matters for
2、 Economic Growth:COVID-19 has exposed us further to this reality,there is a robust link between health outcomes and economic growthAccording to WHO estimates,investing an additional average of US$21 to US$36 per capita per year over five years in Africa would save 3.1 million lives(of which 90%would
3、 be among mothers and children)&prevent between 3.8 million and 5.1 million children from stunting.Africas debt vulnerability is high and exacerbated by exogenous shocks,inflation and rising interest rates.In 2022.In 2022 Africas debt-to-GDP ratio was 64%Fiscal space of African economies remain cons
4、trained,in 2022 fiscal deficits reached-5%African countries surpass the WHO recommended threshold of OOP health spendingGovernment expenditure on health in all but two countries is less than 5 per cent of GDPDebt distress of African EconomiesInterest payments absorb revenuesHigh out-of-pocket expend
5、itureLimited fiscal space to finance public healthLimited fiscal space to finance health calls for private sector development in health sectorsRationale Mismatch Demand to Supply 2 billion people,many who reside in low-or middle-income countries,still lack access to medicines that could prevent unne
6、cessary illness and death25%of global disease burden is in Africa while 2%of consumed medicines are manufactured on the continent.AFRICA IS AT A CROSS ROAD.Unless we do something differently,the mismatch and gap will keep on growing.The demand for essential medicines and others will continue to incr