Sweden provides UNICEF guarantee for low- and middle-income countries' procurement of medical equipment

In collaboration with the Bill & Melinda Gates Foundation, the Swedish International Development Cooperation Agency (Sida) has provided a public guarantee to UNICEF that will accelerate procurement processes for essential health care products and equipment in low- and middle-income countries (LMICs). The guarantee is expected to strengthen UNICEF’s ability to respond to disease outbreaks and other unpredictable global health challenges.

Sida will guarantee up to SEK456 million (US$53 million) until 2026 for medical equipment purchases. With the support of the guarantee, eligible countries will be able to purchase medical products through UNICEF when they are required and pay for them later. Sida has allocated close to SEK14 million (US$1.6 million) to cover potential losses, equivalent to expected catalytic financing of 30x Sida's inputs. Sida’s public guarantee framework totaled SEK17.0 billion (US$2.0 billion) in 2021.

Press release – Sida (in Swedish)