IFC Helps India’s Andhra Pradesh State Expand Affordable Health Care Services
In New Delhi:
Minakshi Seth
Phone: +91 11 4111 1000
E-mail: mseth@ifc.org
Delhi, India, November 3, 2009—IFC, a member of the World Bank Group, will work
with the Indian state of Andhra Pradesh to enable three public hospitals to
offer advanced diagnostics services such as dialysis to low- and middle-income
people.
The Andhra Pradesh state government has sought IFC’s advice on upgrading
diagnostic services at public hospitals in Kurnool, Vishakhapatnam, and
Warangal under a public-private partnership. The government is committed to
expanding access to affordable and quality health care for its citizens and is
exploring new partnerships to strengthen health care provision.
Through its first infrastructure advisory health-sector project in India, IFC
will support development of a comprehensive policy framework for public-private
partnerships in the local health sector. The framework will enhance performance
of the public health and medical systems, improving the availability of quality
health care in the state, especially to low- and middle-income groups.
“By partnering with IFC, we not only will benefit from IFC’s global experience
in developing a sustainable public-private partnerships framework but also
kickstart a larger effort to leverage the private sector for improving public
health,” said J. Sathyanarayana, Principal Secretary for Health and Family
Welfare, Andhra Pradesh government.
IFC’s advice will include identifying priority areas for health care
partnerships, developing a strategy for guiding private investment in health
service delivery, and establishing guidelines for public-private partnership
initiatives, and building an institutional management capacity.
“Through this initiative, we hope to pave the way for partnering with Andhra
Pradesh state in making high-quality health care services affordable for
underserved groups,” said Rachel Kyte, IFC Vice President for Business Advisory
Services.
In India, IFC’s health care portfolio is about $170 million and includes
investments in Apollo Hospitals, Max Healthcare, and Rockland hospitals.
IFC’s experience in helping improve health services includes public-private
partnership projects in Lesotho and Romania, and it also is involved in a
project in Mexico. The goal is to attract private investment to improve use of
resources and expand availability of quality services.
To learn more about IFC’s activities in South Asia, visit www.ifc.org/southasia
.
About IFC
IFC, a member of the World Bank Group, creates opportunity for people to escape
poverty and improve their lives. We foster sustainable economic growth in
developing countries by supporting private sector development, mobilizing
private capital, and providing advisory and risk mitigation services to
businesses and governments. Our new investments totaled $ 14.5 billion in
fiscal 2009, helping channel capital into developing countries during the
financial crisis. For more information, visit www.ifc.org.
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