Wednesday, February 28, 2024

World Bank commits $1 billion to India for public healthcare infrastructure

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The World Bank and India on Friday signed two complementary loans of USD 500 million each to support and enhance the country’s healthcare infrastructure.

Through this combined financing of USD 1 billion (about Rs 8,200 crore), the bank will support India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), launched in October 2021, to improve the public healthcare infrastructure across the country, the multilateral funding agency said in a statement.

In addition to the national-level interventions, one of the loans will prioritize health service delivery in seven states including Andhra Pradesh, Kerala, Meghalaya, Odisha, Punjab, Tamil Nadu, and Uttar Pradesh, it said.
The agreement was signed by Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs and World Bank India country director Auguste Tano Kouamé, it said.

The COVID-19 pandemic brought to the fore the urgent need for pandemic preparedness and health system strengthening around the world and was a stark reminder that pandemic preparedness is a global public good, said Auguste Tano Kouamé.

The two projects are supporting India’s decision to increase the resilience and preparedness of the country’s health systems against future pandemics, it said, adding, this will be of great benefit for the population of the states participating in the projects and will generate positive spillovers for other states.

India’s performance in health has improved over time. According to the World Bank estimates, India’s life expectancy—at 69.8 in 2020, up from 58 in 1990—is higher than the average for the country’s income level.

The under-five mortality rate (36 per 1,000 live births), infant mortality rate (30 per 1,000 live births), and maternal mortality ratio (103 per 100,000 live births) are all close to the average for India’s income level, reflecting significant achievements in access to skilled birth attendance, immunizations, and other priority services.

Despite these advances in the health of the Indian population, COVID-19 has underscored the need for revitalizing, reforming, and developing capacity for core public health functions, as well as for improving the quality and comprehensiveness of health service delivery, it said.

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