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WASHINGTON, DC & LUSAKA, ZAMBIA (February 22, 2011) – Today, more than 800,000 anti-malaria bed nets have arrived and been distributed in Zambia three months ahead of schedule and before the peak of the deadly rainy season, thanks to a deal reached by the Government of Zambia, the World Bank, UNICEF, Stanbic Bank Zambia, part of the Standard Bank Group and the United Nations Foundation, supported by the African Leaders Malaria Alliance and the UN Secretary-General’s Special Envoy for Malaria.
This deal marks the inaugural transaction of the Pledge Guarantee for Health (PGH), a new financial tool developed by the UN Foundation, with help from Dalberg Global Development Advisors, and funded by the Bill & Melinda Gates Foundation, that streamlines the procurement of lifesaving health supplies. The $4.8 million deal will provide anti-malaria bed nets to 1.6 million people and potentially avert tens of thousands of malaria cases, saving the lives of thousands of children in Zambia, who are more at risk of catching malaria during the rainy season.