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Washington, United States, February 22, 2012
—IFC, a member of the World Bank Group, and the United Kingdom Department for International Development (DFID) signed a memorandum of understanding to support advisory services for healthcare public-private partnerships in low-income and fragile states.
“We've been working closely with IFC for over a year on developing this innovative program to target the health needs of the world's poorest people through PPP financing and delivery models. Just as importantly, the program will help governments be better prepared to get the best value and results from contracting private health providers,” said Gavin McGillivray, the head of DFID’s Private Sector Department.
The new pilot health PPP facility will help governments introduce, evaluate, and improve purchasing of healthcare services from private sector providers under a range of PPP options. The facility will contribute to more efficient health sector spending by fostering increased transparency, competition, and best practices in structuring and managing PPPs. It is the first project sponsored under a new multi-donor partnership, HANSHEP (Harnessing Non-State Actors for Better Health for the Poor).
“The potential role of the private sector in extending healthcare services to low-income groups in Africa and South Asia is one that has attracted increased attention in recent years. This pilot program gives us the opportunity to implement PPPs and determine how they might fill the large gaps left by traditional public service provision,” said Laurence Carter, director of IFC Advisory Services in Public-Private Partnerships.
Over the past 20 years, IFC has advised on more than 250 projects involving the private provision of public services in 84 countries, including 17 health PPP transactions. Accessing IFC’s expertise as the only multilateral organization offering advisory services to governments on structuring such transactions, the HANSHEP facility is aimed at generating and disseminating broader evidence about benefits and risks associated with PPPs in low-income countries.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets. In fiscal 2011, amid economic uncertainty across the globe, we helped our clients create jobs, strengthen environmental performance, and contribute to their local communities—all while driving our investments to an all-time high of nearly $19 billion. For more information, visit
www.ifc.org
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About DFID
The Department for International Development (DFID): leading the UK Government’s fight against world poverty. Since its creation, DFID has helped more than 250 million people lift themselves from poverty and helped 40 million more children to go to primary school. For more information, please visit
www.dfid.gov.uk
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