Six million children die each year from preventable causes, and children in some areas are 20 times more likely to die than in developed countries. This is unacceptable, and it's why the UBS Optimus Foundation has launched the Health: Going Further portfolio, which breaks new ground in the way we think about financing and delivering large scale, transformational change for the world's most neglected communities.
A matter of urgency
The currently fragmented approach to development funding isn't working. Billions of dollars are spent annually on aid programs, yet it's estimated that an extra USD 1.4 trillion is needed each year to lift 700 million people out of poverty and neglect by 2030 and meet the world's ambitious new development agenda, the Sustainable Development Goals. This makes the case for attracting even greater levels of private capital to augment traditional funding streams more compelling than ever.
But it's not just about income. Outcomes are equally important. Despite the resources poured into development aid, the results are not what we're entitled to expect. A lack of focus on outcomes means it's often unclear if funds are being used effectively. Many donors only have access to a single standalone program. This may fail, and even if it does work the impact is relatively small. And too many promising programs are being overlooked and not financed or taken to scale. There's clearly a need to explore new ways of financing and delivering change that is concerted, significant and lasting. And that's exactly what the Health: Going Further portfolio seeks to do.
“The new Health: Going Further portfolio offers UBS clients and employees the opportunity to support a diverse set of world-renowned partners with best-in-class, result-focused programs that can drive the large-scale global change needed to ensure children thrive," said Sergio P. Ermotti, UBS CEO and Chairman of the UBS Optimus Foundation Board of Directors