On 10 December 2019 the Asian Development Bank (ADB) and the Government of Bangladesh today signed a Memorandum of Understanding (MOU) to jointly promote public-private partnership (PPP) projects in the country’s health care sector.
“PPPs have the potential to unlock greater private sector investments and efficiencies to complement ongoing government initiatives to improve the quality and affordability of health care in Bangladesh,” said Mr. Parkash. “PPPs can bring genuine improvements to health systems and we’re very pleased to expand our collaboration with Bangladesh into this crucial sector.”
Public health in Bangladesh has improved significantly in recent decades due to high immunization, reduced infant and maternal mortality, and lower fertility rates. PPPs can provide affordable and quality services to prevent and manage NCDs, and be an alternative to public sector spending to build and operate hospitals and health education facilities.
Under the MOU, ADB’s Office of Public–Private Partnership will identify, prepare, and implement projects under PPP arrangements including in priority areas such as diagnostics and dialysis services. ADB will provide holistic support through the Asia Pacific Project Preparation Facility (AP3F), which can provide integrated support for capacity building, development of standardized templates for procurement and contracting, creation of a potential health care project pipeline, and transaction advisory services.