Bank loan

World Bank: India Secures $1.75 Billion World Bank Loan for Health and Private Investment

The World Bank has approved loans totaling $1.75 billion (approximately Rs 13,834.54 crore) to finance Indian Prime Minister Ayushman Bharat’s program and private investments to spur economic growth.

Of the total loan, USD 1 billion will go to the health sector, while the remaining USD 750 million will be in the form of a Development Policy Loan (DPL) to fill financing gaps through private sector investments in the economy.

The World Bank’s Board of Directors has approved two complementary loans of $500 million each to support and boost India’s health sector.

With the help of this combined $1 billion in funding, the World Bank will support India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), the World Bank said in a statement on Friday.

The funds will be used to improve public health infrastructure across the country. In addition to national-level interventions, one of the loans will prioritize seven states, namely Andhra Pradesh, Kerala, Meghalaya, Odisha, Punjab, Tamil Nadu and Uttar Pradesh. reported the multilateral funding agency.

Separately, its board of directors endorsed the DPL to the union government to support critical reforms to bridge financing gaps by leveraging private sector investment in infrastructure, small businesses and finance markets. green.

In addition, in health, two loans, namely the Public Health Systems Pandemic Preparedness Program (PHSPP) and the Enhanced Health Service Delivery Program (EHSDP), are designed to have a complementary and transformational impact.

It will support the Indian government’s reform agenda to accelerate universal coverage, improve quality and increase health system resilience and preparedness, the World Bank said.

The PHSPP will support government efforts to prepare India’s surveillance system to identify and report outbreaks of potential international concern; build capacity to detect pathogens, including zoonotic diseases; strengthen coordination and build institutional capacity of key public health institutions.

While the EHSDP will support government efforts to strengthen service delivery through a redesigned primary healthcare model; improve quality of care by supporting certification of national quality assurance standards in health and wellness centers (HWCs); and transforming health sector governance and accountability by strengthening implementation capacity.

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