World Bank Inks $1 Billion Plan to Support India’s Health Sector

Through this combined financing of USD 1 billion, 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.
World Bank Inks $1 Billion Plan to Support India’s Health Sector
World Bank Inks $1 Billion Plan to Support India’s Health Sector

The World Bank is lending up to USD 1 billion to help India with preparedness for future pandemics as well as to strengthen its health infrastructure. The lending will be divided into two complementary loans of USD 500 million each.

Through this combined financing of  USD 1 billion, 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.

 Moreover, one of the loans will priorities health service delivery in seven States including Andhra Pradesh, Kerala, Meghalaya, Odisha, Punjab, Tamil Nadu, and Uttar Pradesh.

The USD 500-million Public Health Systems for Pandemic Preparedness Program (PHSPP) will support the government’s efforts to prepare India’s surveillance system to detect and report epidemics of potential international concern. Another USD 500 million Enhanced Health Service Delivery Program (EHSDP) will support government’s efforts to strengthen service delivery through a redesigned primary healthcare model, which includes improved household access to primary healthcare facilities, stronger links between each household and its primary care facility through regular household visits and risk assessment of non-communicable diseases.

Both the PHSPP and the EHSDP utilize the Program-for-Results financing instrument that focuses on achievement of results rather than inputs. Both the PHSPP and EHSDP loans from the International Bank for Reconstruction and Development (IBRD) have a final maturity of 18.5 years including a grace period of five years, stated the World Bank.

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