Organon and CAF, the Latin American development bank, on Wednesday announced the launch of a first-of-its-kind partnership to prioritize the design, financial structuring and implementation of sustainable women’s health programs in Latin America and the Caribbean.
This agreement is part of a transformative model (created by Organon) that convenes governments, global development banks and other multilateral agencies to use results-based financing to improve the lives of women.
According to a signed Memorandum of Understanding, Organon and CAF will contribute to the United Nations Sustainable Development Goals through the design, structure and implementation of programs that promote and improve equity, health and autonomy of girls and women in Latin America and the Caribbean.
Sustainable financing can advance progress in women’s health by mobilizing capital towards initiatives that might not otherwise receive adequate support, like increasing access to sexual and reproductive health education and health care services.
“At Organon, we believe that results-based financing can drive collective action to progressing women’s health goals,” Kevin Ali, Organon CEO, said. We are proud of our first-of-its-kind collaboration with CAF, built specifically to positively affect the health of women — and, ultimately, a country’s economy and development.”
Organon’s collaboration with CAF will help to ensure that women have the resources and support they need to lead healthy, fulfilling lives as well as contributing to economic development.
“This agreement with Organon will help us to join forces in order to break with the structural barriers that keep limiting the access of women to health, financial and nonfinancial services,” Sergio Diaz-Granados, executive president of CAF, said.
