Interim Financial Report of the Director for 2006
Abstract[Overview] During 2006 the Pan American Health Organization (PAHO) mobilized significantly greater financial resources which contributed to the Organization strengthening its cooperation in public health with the countries of the Americas. The Organization was able to provide a better response to countries’ needs and promote Health for All, while tackling the unfinished agenda, protecting achievements, and facing new challenges. The Organization’s total funding reached $537.0 million, $164.9 million greater than 2004, and the highest level of income for the Organization in any one year. This increased income resulted from (1) the payment of Member States’ quota arrearages, (2) the greater mobilization of voluntary contributions for public health, and (3) the procurement of essential public health vaccines and supplies on behalf of the Member States. The most striking increase in financial resources occurred in the Organization’s procurement activities on behalf of Member States which grew from a cumulative total of $140.2 million in 2004 to $229.3 million in 2006 for the Organization’s three procurement funds. Through extensive international bidding, PAHO is able to purchase vaccines, public health supplies and equipment, and publications on behalf of Member States, government and international institutions at affordable prices. Funding for vaccine and syringe procurement, processed through the Revolving Fund for the Expanded Program on Immunization, established by the 25th Directing Council in 1977, increased from $130.8 million in 2004 to $198.6 million in 2006. During the same period, funding for the purchases of medical supplies (i.e., HIV/AIDS diagnostic kits, etc.), medical equipment, and publications, processed through the Advances from Governments and Institutions Fund, increased to $18.5 million. Furthermore, the Regional Revolving Fund for Strategic Public Health Supplies, which was created in 1999 in order to facilitate the procurement of strategic public health supplies at lower, more stable prices, increase availability of strategic supplies, and create greater planning capacity for procuring and distributing products, received $12.2 million for the purchase of these strategic supplies.
Pan American Health Organization. (2007). Interim Financial Report of the Director for 2006. PAHO. http://www.who.int/iris/handle/10665/166472