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World Bank Moves To Provide Affordable Healthcare To 1.5 Billion People By 2030

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World Bank Moves To Provide Affordable Healthcare To 1.5 Billion People By 2030

August 26, 2024
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By Ebi Kesiena

The World Bank has announced an ambitious goal to deliver affordable healthcare to 1.5 billion people by 2030. This initiative comes in response to the World Health Organization’s (WHO) alarming revelation that over half of the global population 4.5 billion people lack access to comprehensive healthcare.

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World Bank President Ajay Banga made the announcement, highlighting the importance of universal healthcare coverage for global development.

In a statement published on Gavi, the Vaccine Alliance’s website, Banga emphasized the need for collaborative efforts to achieve this goal.

“Providing a basic standard of care for people throughout their lives is critical for development,” Banga stated. “This ambition won’t be realized with a solo effort. It will require partners, a coalition of the public and private sector, working together to expand access to healthcare services.”

The WHO’s report also underscores the severe impact of healthcare costs, with 1.3 billion people being pushed into poverty or extreme poverty due to the financial burden of medical expenses. Despite the urgent need for universal healthcare, progress has been slow in recent years, leaving many without essential health services.

However, organizations like the World Bank and Gavi are intensifying their efforts to close the healthcare gap, driven by the belief that access to healthcare is a fundamental human right.

One significant barrier to achieving this goal is the global shortage of healthcare workers.

The WHO predicts a deficit of 10 million health workers by 2030, particularly in low- and middle-income countries. To address this challenge, research from the World Economic Forum suggests that generative artificial intelligence (AI) could play a key role.

However, the World bank believes that by integrating AI into healthcare systems, the capacity of existing healthcare workers can be augmented, routine tasks and administrative duties can be automated, and patient engagement and decision-making processes can be enhanced. Embracing AI could help mitigate the impact of workforce shortages and expand access to essential healthcare services.

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