IFC to promote PPP in healthcare

The International Finance Corporation (IFC), a member of the World Bank group, will work with the Andhra Pradesh government to enable three public hospitals in Kurnool, Vishakhapatnam, and Warangal to offer advanced diagnostics services like dialysis to low and middle income people.

IFC, through its first infrastructure advisory health-sector project in India, will support development of a comprehensive policy framework for public-private partnerships in the health sector, identify priority areas for healthcare partnerships and build institutional management capacity, said Rachel Kyte, IFC vice-president (business advisory services), who signed an agreement with the AP government on Tuesday.

“By partnering with IFC, we will benefit from IFC’s experience in developing a public-private partnership framework for improving public health,” said J Sathyanarayana, state principal secretary (health and family welfare).

In India, IFC’s healthcare portfolio is about $170 million (Rs 800 crore ) and includes investments in Apollo Hospitals, Max Healthcare, and Rockland hospitals.