Money Matters in Middle-Income Countries: Funding Sexual and Reproductive Health in Latin America and the Caribbean
Despite a marked economic growth in Latin America in recent years, public health spending is still insufficient, and is far below the world average. In addition, official development assistance (ODA) to the region has been reduced, especially in the health sector. The result of the reduction in ODA and inadequate financing for health in the region is that out-of-pocket expenditures are extremely high. This affects the fight against poverty in Latin America and the Caribbean, and exacerbates the already dramatic inequality in the region.