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Financing quality healthcare and education in developing countries

The economy of developing countries are private sector (70-90% of GDP) and essentially informal sector (not taxable businesses). The health and education are still essentially public sector owned and financed. It has implication on the quality of healthcare and education by lack of appropriate finances. The poverty level (40-60%) and lack of pooling mechanisms none tax based like insurances for informal sector is among the causes.

Innovative cost-effectiveness health systems and education systems are urgently needed for sustainable development.

There is need to innovate in developing micro-insurances (promotion, facilitation, incentives, etc.) for the healthcare and education to accelerating sustainable development. The external aid mechanism is not enough and sustainable.